Ford Motor (NYSE:F) Trading Down 2.3% – Should You Sell?

Ford Motor (NYSE:F)’s share price was down 2.3% during trading on Wednesday . The stock traded as low as $10.28 and last traded at $10.32. Approximately 22,748,393 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 53,741,984 shares. The stock had previously closed at $10.56.

Analysts Set New Price Targets

Several research firms have recently weighed in on F. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.08.

Ford Motor Price Performance

The stock has a market capitalization of $41.29 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business’s 50-day moving average is $10.85 and its two-hundred day moving average is $11.33.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the company. Insight Wealth Partners LLC lifted its holdings in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares during the last quarter. Pallas Capital Advisors LLC raised its position in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares during the period. Meridian Financial Partners LLC lifted its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after purchasing an additional 953 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Ford Motor by 3.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after purchasing an additional 982 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.