Ford Motor (NYSE:F) Sees Large Volume Increase – Here’s Why

Ford Motor (NYSE:F) saw unusually-strong trading volume on Thursday . Approximately 65,438,015 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 62,758,659 shares.The stock last traded at $10.02 and had previously closed at $10.30.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Piper Sandler reduced their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, TD Cowen assumed coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.37.

Ford Motor Stock Down 2.3 %

The firm has a market cap of $39.89 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock’s 50 day moving average is $9.76 and its 200 day moving average is $10.29.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of the stock. Mascagni Wealth Management Inc. purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $87,000. Chancellor Financial Group WB LP purchased a new position in shares of Ford Motor during the fourth quarter valued at $182,000. Tableaux LLC acquired a new position in Ford Motor during the fourth quarter valued at $148,000. Northstar Financial Companies Inc. purchased a new stake in Ford Motor in the 4th quarter worth about $154,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Ford Motor during the 4th quarter worth about $31,000. 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.