Ford Motor (NYSE:F) Trading Down 0.6% – Time to Sell?

Ford Motor (NYSE:F) was down 0.6% during mid-day trading on Tuesday . The stock traded as low as $11.01 and last traded at $11.14. Approximately 11,472,119 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 53,697,512 shares. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wolfe Research initiated coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Down 2.9 %

The company has a market cap of $42.62 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The company’s 50 day moving average price is $10.82 and its 200 day moving average price is $11.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

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

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of F. Assenagon Asset Management S.A. grew its holdings in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after purchasing an additional 5,270,562 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor during the third quarter worth $55,456,000. Institutional investors and hedge funds 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.