Ford Motor Company $F Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Ford Motor Company (NYSE:F) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322,927 shares of the auto manufacturer’s stock after acquiring an additional 42,765 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ford Motor were worth $15,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of Ford Motor by 15.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,606,056 shares of the auto manufacturer’s stock worth $19,208,000 after purchasing an additional 212,461 shares during the period. HighTower Advisors LLC boosted its holdings in Ford Motor by 3.5% during the third quarter. HighTower Advisors LLC now owns 1,001,992 shares of the auto manufacturer’s stock worth $11,984,000 after buying an additional 33,982 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in Ford Motor by 7.7% in the third quarter. Cidel Asset Management Inc. now owns 106,008 shares of the auto manufacturer’s stock valued at $1,268,000 after buying an additional 7,582 shares in the last quarter. MSH Capital Advisors LLC lifted its position in shares of Ford Motor by 13.5% during the 3rd quarter. MSH Capital Advisors LLC now owns 21,320 shares of the auto manufacturer’s stock valued at $255,000 after acquiring an additional 2,533 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Ford Motor during the 3rd quarter valued at approximately $799,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on F. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, February 11th. JPMorgan Chase & Co. upped their target price on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. UBS Group lifted their price target on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $11.00 to $16.00 in a research report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.02.

Ford Motor Trading Up 0.7%

Ford Motor stock opened at $14.10 on Tuesday. The stock has a 50-day moving average price of $13.64 and a 200 day moving average price of $12.70. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $14.50. The stock has a market cap of $56.16 billion, a PE ratio of -6.84, a P/E/G ratio of 0.34 and a beta of 1.66. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th. Ford Motor’s payout ratio is presently -29.13%.

Ford Motor 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.