|Bid||10.91 x 6000|
|Ask||10.92 x 300|
|Day's Range||10.81 - 10.94|
|52 Week Range||10.67 - 14.04|
|PE Ratio (TTM)||11.64|
|Dividend & Yield||0.60 (5.52%)|
|1y Target Est||N/A|
Hackett, a former furniture executive, spent the past year running Ford Smart Mobility, a new venture designed to prepare for a future of empty driveways and bustling, pay-as-you-go robo-cars. Does his sudden promotion mean the machines are taking over faster than expected, and that Ford must change direction in a hurry, or is the 104-year-old auto maker just playing for some Silicon Valley buzz, now that it has been passed in market value by profitless Tesla (TSLA)? Consider a third possibility: that Ford (F) has run the numbers on the future of mobility-as-a-service, and likes what it sees.
Large automotive companies offer some enticing dividend yields—General Motors and Ford Motor in particular—but investors need to weigh these potential investments carefully. Ford (F), which replaced its CEO last week, has been a disappointment for stockholders. General Motors (GM) yields 4.6%, though its stock has outpaced Ford’s, returning 10.3%.
Wall Street, long obsessed with quarterly profits, has a message for chief executives of big established companies: Pick up the pace of innovation and make riskier bets sooner.