Ford Motor (NYSE:F) Stock Price Up 3.7% – Here’s What Happened

Shares of Ford Motor (NYSE:F) shot up 3.7% on Wednesday . The company traded as high as $11.09 and last traded at $10.99. 31,442,238 shares traded hands during trading, a decline of 41% from the average session volume of 53,617,969 shares. The stock had previously closed at $10.60.

Analysts Set New Price Targets

Several equities research analysts have weighed in on F shares. Wells Fargo & Company lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Barclays cut their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.41.

Ford Motor Stock Up 5.6 %

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The business has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $11.59. The company has a market capitalization of $44.48 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.85 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts predict that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently modified their holdings of the company. Norden Group LLC acquired a new position in Ford Motor in the first quarter valued at approximately $255,000. Nordea Investment Management AB grew its position in shares of Ford Motor by 6.3% in the 1st quarter. Nordea Investment Management AB now owns 293,518 shares of the auto manufacturer’s stock valued at $3,894,000 after buying an additional 17,280 shares during the last quarter. Whittier Trust Co. raised its stake in Ford Motor by 763.4% during the 1st quarter. Whittier Trust Co. now owns 5,655 shares of the auto manufacturer’s stock worth $75,000 after acquiring an additional 5,000 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Ford Motor in the first quarter valued at $46,000. Finally, GSA Capital Partners LLP boosted its stake in Ford Motor by 42.3% in the first quarter. GSA Capital Partners LLP now owns 33,290 shares of the auto manufacturer’s stock valued at $442,000 after acquiring an additional 9,901 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

About Ford Motor

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.