Ford Motor (NYSE:F) Shares Down 2.9% – Time to Sell?

Ford Motor Company (NYSE:F)’s share price traded down 2.9% on Thursday. The company traded as low as $11.87 and last traded at $11.8950. Approximately 33,305,278 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 55,297,508 shares. The stock had previously closed at $12.25.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. BNP Paribas Exane decreased their target price on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Piper Sandler lifted their price target on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley dropped their price target on Ford Motor from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 29th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.02.

Ford Motor Stock Down 2.9%

The stock has a market capitalization of $47.50 billion, a price-to-earnings ratio of -6.04, a price-to-earnings-growth ratio of 0.23 and a beta of 1.88. The business’s 50-day moving average is $12.65 and its two-hundred day moving average is $13.32. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.97.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The company had revenue of $49.53 billion during the quarter, compared to analysts’ expectations of $49.08 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Ford Motor’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Ford Motor Company will post 1.90 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor’s dividend payout ratio (DPR) is presently -30.46%.

Institutional Trading of Ford Motor

Several large investors have recently added to or reduced their stakes in F. BlackRock Inc. acquired a new stake in shares of Ford Motor in the 2nd quarter worth $4,649,131,000. Bank of America Corp DE boosted its position in shares of Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Ford Motor during the 2nd quarter valued at about $717,218,000. Deutsche Bank AG purchased a new stake in shares of Ford Motor in the second quarter valued at about $267,563,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ford Motor in the second quarter valued at about $132,567,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.