Ford Motor (NYSE:F) Stock Price Down 2.7% – Should You Sell?

Ford Motor Company (NYSE:F)’s stock price was down 2.7% during mid-day trading on Monday . The stock traded as low as $13.02 and last traded at $13.0320. Approximately 68,821,327 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 61,403,168 shares. The stock had previously closed at $13.40.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on F shares. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. TD Cowen cut their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Finally, UBS Group cut their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.56.

Ford Motor Trading Up 1.2%

The firm’s 50-day simple moving average is $12.19 and its 200-day simple moving average is $13.01. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $52.66 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of 0.29 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is presently -38.71%.

Insider Buying and Selling

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the transaction, the insider directly owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Grove Bank & Trust raised its position in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new stake in Ford Motor in the 4th quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $26,000. McMillan Office Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $26,000. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,230 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.