Ford Motor Company (NYSE:F) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its stake in Ford Motor Company (NYSE:F - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 998,778 shares of the auto manufacturer's stock after selling 114,516 shares during the quarter. Arizona State Retirement System's holdings in Ford Motor were worth $10,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the last quarter. Norges Bank purchased a new position in Ford Motor in the 4th quarter worth approximately $387,282,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after purchasing an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of Ford Motor by 2,905.1% in the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after purchasing an additional 7,723,601 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ford Motor by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock valued at $293,460,000 after purchasing an additional 5,295,086 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.9%

Ford Motor stock traded up $0.11 during trading on Monday, hitting $11.89. The company had a trading volume of 62,039,894 shares, compared to its average volume of 106,233,781. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.85. The company's 50 day simple moving average is $10.69 and its 200-day simple moving average is $10.07.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.05%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on F. Citigroup boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Piper Sandler upped their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and cut their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Ford Motor currently has an average rating of "Hold" and an average target price of $10.17.

Ford Motor 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.