Ford Motor (NYSE:F) declared a quarterly dividend on Thursday, October 10th, RTT News reports. Shareholders of record on Tuesday, October 22nd will be paid a dividend of 0.15 per share by the auto manufacturer on Monday, December 2nd. This represents a $0.60 annualized dividend and a yield of 6.83%.
Ford Motor has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ford Motor to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 46.2%.
F stock opened at $8.78 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. Ford Motor has a twelve month low of $7.41 and a twelve month high of $10.56. The business has a fifty day moving average of $9.07 and a 200-day moving average of $9.58. The company has a market cap of $34.15 billion, a P/E ratio of 6.75, a PEG ratio of 0.93 and a beta of 1.10.
In other Ford Motor news, insider Kiersten Robinson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the sale, the insider now owns 51,027 shares in the company, valued at $535,783.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.54, for a total value of $170,800.00. The disclosure for this sale can be found here. Insiders have sold 145,000 shares of company stock worth $1,355,250 in the last quarter. 0.83% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on F shares. Credit Suisse Group lowered Ford Motor to an “outperform” rating and set a $12.00 price target on the stock. in a report on Wednesday, September 11th. Bank of America lowered Ford Motor to a “buy” rating and set a $13.00 price target on the stock. in a report on Tuesday, September 10th. Morgan Stanley set a $12.00 price target on Ford Motor and gave the company a “buy” rating in a report on Friday, September 27th. Buckingham Research dropped their target price on Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $10.50 target price on shares of Ford Motor in a report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.30.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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