Barclays cut shares of Ford Motor (NYSE:F – Free Report) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $11.00 price objective on the auto manufacturer’s stock, down from their previous price objective of $13.00.
Several other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.67.
Check Out Our Latest Research Report on F
Ford Motor Stock Down 3.8 %
Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm 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 revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. Analysts predict that Ford Motor will post 1.77 EPS for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.98%. Ford Motor’s dividend payout ratio is presently 68.18%.
Hedge Funds Weigh In On Ford Motor
Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after acquiring an additional 8,824,000 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after acquiring an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $1,294,752,000 after acquiring an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor during the third quarter valued at approximately $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Ford Motor by 420.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock valued at $63,812,000 after acquiring an additional 4,881,105 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.
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.
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