Ford Motor (NYSE:F) Shares Down 0.3% Following Analyst Downgrade

Ford Motor (NYSE:F) fell 0.3% during mid-day trading on Friday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.83 and last traded at $9.98. 34,333,340 shares traded hands during trading, a decline of 44% from the average session volume of 61,145,066 shares. The stock had previously closed at $10.01.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada cut their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Evercore ISI reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of F. Vanguard Group Inc. boosted its stake in Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank acquired a new position in Ford Motor in the 4th quarter valued at approximately $387,282,000. Jacobs Levy Equity Management Inc. boosted its position in Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after purchasing an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after buying an additional 7,723,601 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after acquiring an additional 6,497,321 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

The stock has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a fifty day moving average of $9.73 and a two-hundred day moving average of $10.30. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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%. On average, research analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.97%. Ford Motor’s payout ratio is 41.10%.

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.