Ford Motor (NYSE:F) Trading 0.6% Higher

Ford Motor (NYSE:F)’s share price shot up 0.6% on Monday . The company traded as high as $12.62 and last traded at $12.50. 9,322,385 shares were traded during mid-day trading, a decline of 83% from the average session volume of 53,777,215 shares. The stock had previously closed at $12.43.

Analysts Set New Price Targets

Several research analysts have recently issued reports on F shares. Piper Sandler started coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Morgan Stanley boosted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Redburn Atlantic began coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Finally, Citigroup raised their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $13.74.

Ford Motor Stock Down 0.2 %

The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $48.51 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.84 and a beta of 1.61. The firm’s fifty day moving average is $12.65 and its 200-day moving average is $11.81.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.94%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its position in shares of Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Ford Motor by 1.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,216,588 shares of the auto manufacturer’s stock worth $27,530,000 after purchasing an additional 35,580 shares during the period. Affinity Investment Advisors LLC bought a new position in shares of Ford Motor during the 3rd quarter valued at about $318,000. Advisor Partners II LLC grew its position in shares of Ford Motor by 4.2% in the 3rd quarter. Advisor Partners II LLC now owns 99,383 shares of the auto manufacturer’s stock valued at $1,234,000 after purchasing an additional 3,964 shares during the period. Finally, Catalyst Financial Partners LLC increased its stake in Ford Motor by 13.7% during the 3rd quarter. Catalyst Financial Partners LLC now owns 14,679 shares of the auto manufacturer’s stock worth $182,000 after purchasing an additional 1,765 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.