Ford Motor (NYSE:F) Trading Down 0.7% After Earnings Miss

Ford Motor (NYSE:F)’s share price was down 0.7% on Wednesday following a dissappointing earnings announcement. The company traded as low as $13.59 and last traded at $13.73. Approximately 15,870,370 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 51,352,012 shares. The stock had previously closed at $13.83.

The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.31% and a net margin of 2.13%. The firm had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same period last year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.33%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on F. Barclays decreased their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Royal Bank of Canada upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Finally, StockNews.com cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.95.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Trading of Ford Motor

Several large investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its stake in shares of Ford Motor by 29.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 77,344 shares of the auto manufacturer’s stock worth $970,000 after buying an additional 17,483 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Ford Motor by 4.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,123,024 shares of the auto manufacturer’s stock worth $14,083,000 after purchasing an additional 47,816 shares during the period. Cohen Investment Advisors LLC increased its position in shares of Ford Motor by 20.8% during the 2nd quarter. Cohen Investment Advisors LLC now owns 36,529 shares of the auto manufacturer’s stock worth $454,000 after purchasing an additional 6,283 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Ford Motor by 14.6% in the 2nd quarter. Catalyst Financial Partners LLC now owns 15,660 shares of the auto manufacturer’s stock valued at $196,000 after buying an additional 2,000 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Ford Motor by 2.1% in the second quarter. Raymond James Trust N.A. now owns 48,901 shares of the auto manufacturer’s stock valued at $613,000 after buying an additional 1,013 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.9 %

The company has a market cap of $44.95 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. The company’s 50 day simple moving average is $12.57 and its two-hundred day simple moving average is $12.41. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

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.