Ford Motor Company $F Stake Boosted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Ford Motor Company (NYSE:F) by 2,475.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,997,900 shares of the auto manufacturer’s stock after purchasing an additional 2,881,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Ford Motor worth $35,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Corsicana & Co. acquired a new stake in Ford Motor in the third quarter worth $25,000. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor during the second quarter worth about $25,000. Capital A Wealth Management LLC increased its holdings in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 2,279 shares during the period. Country Trust Bank bought a new stake in Ford Motor in the 2nd quarter valued at about $27,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Ford Motor in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on F shares. Royal Bank Of Canada raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler boosted their price target on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Evercore ISI increased their price target on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $12.18.

Ford Motor Stock Down 0.3%

F opened at $13.24 on Wednesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The company has a market capitalization of $52.75 billion, a PE ratio of 11.41 and a beta of 1.60. The stock’s fifty day moving average is $13.17 and its 200-day moving average is $12.09. Ford Motor Company has a one year low of $8.44 and a one year high of $13.99.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s payout ratio is currently 51.72%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.