Ford Motor (NYSE:F) Stock Price Down 3.1% - Here's What Happened

Ford Motor (NYSE:F - Get Free Report) shares fell 3.1% on Monday . The company traded as low as $9.00 and last traded at $9.28. 59,044,615 shares were traded during mid-day trading, a decline of 12% from the average session volume of 67,053,289 shares. The stock had previously closed at $9.58.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $9.40 to $7.00 in a report on Wednesday. Piper Sandler lowered their price objective on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group reissued a "neutral" rating and issued a $9.00 target price (down from $11.00) on shares of Ford Motor in a report on Thursday. Royal Bank of Canada reduced their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.50.

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Ford Motor Trading Up 0.3 %

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $36.33 billion, a PE ratio of 6.26, a P/E/G ratio of 0.61 and a beta of 1.41. The stock has a 50 day moving average price of $9.60 and a 200-day moving average price of $10.18.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.55%. Ford Motor's dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of F. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor during the 4th quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in Ford Motor in the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $31,000. Institutional investors own 58.74% of the company's stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.