Ford Motor (NYSE:F) Shares Down 1.8% – Should You Sell?

Ford Motor Company (NYSE:F) dropped 1.8% during mid-day trading on Thursday . The company traded as low as $14.02 and last traded at $14.1640. 65,149,357 shares traded hands during trading, an increase of 7% from the average daily volume of 60,787,887 shares. The stock had previously closed at $14.42.

Key Headlines Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford said its upcoming electric vehicles will embed Apple Maps through Apple’s new MapKit for Automotive SDK, a move that should improve in-car navigation and help power next-generation BlueCruise hands-free driving features. Ford Embeds Apple Maps Directly into Upcoming EVs
• Positive Sentiment: Ford and Geely announced a manufacturing joint venture at Ford’s Valencia, Spain plant, where Geely will build two electric SUVs and the companies will jointly develop new models for Europe. The deal may improve plant utilization, protect jobs, and support Ford’s long-term European EV strategy. China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
• Neutral Sentiment: Investors are also awaiting Ford’s next quarterly earnings update, with analysts looking for more detail on margins, EV demand, and management’s outlook beyond headline results. Ford Motor (F) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
• Negative Sentiment: Ford also faces near-term overhangs from a recall involving nearly 388,000 vehicles due to a second-row seat restraint issue, which could raise costs and weigh on sentiment. Ford recalls nearly 388,000 vehicles over second-row seat injury hazard

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on F shares. Wells Fargo & Company increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. UBS Group raised their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Citigroup lifted their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, TD Cowen cut their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.79.

Ford Motor Price Performance

The company has a market cap of $56.44 billion, a price-to-earnings ratio of -9.14, a price-to-earnings-growth ratio of 0.32 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a fifty day moving average price of $14.40 and a two-hundred day moving average price of $13.43.

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, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts anticipate that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Ford Motor during the fourth quarter worth about $674,437,000. Marshall Wace LLP boosted its position in Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after purchasing an additional 15,866,285 shares during the period. AQR Capital Management LLC raised its position in shares of Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after buying an additional 8,086,564 shares during the period. Finally, SG Americas Securities LLC lifted its position in Ford Motor by 458.7% during the first quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock worth $103,892,000 after acquiring an additional 7,391,361 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

About Ford Motor

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.