Ford Motor (NYSE:F) Shares Down 3.8% – Should You Sell?

Ford Motor Company (NYSE:F) shares dropped 3.8% during mid-day trading on Thursday . The stock traded as low as $12.38 and last traded at $12.4050. Approximately 95,784,393 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 96,695,516 shares. The stock had previously closed at $12.90.

Wall Street Analyst Weigh In

F has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Barclays lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada upped their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.73.

Ford Motor Trading Down 3.8%

The company has a fifty day moving average of $12.38 and a 200-day moving average of $11.50. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $49.43 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. As a group, equities research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of the business. Corsicana & Co. purchased a new position in Ford Motor during the third quarter worth about $25,000. Trust Co. of Toledo NA OH acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $25,000. Country Trust Bank purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC increased its holdings in Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Company Profile

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.