Ford Motor Company (NYSE:F) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in Ford Motor Company (NYSE:F - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 338,264 shares of the auto manufacturer's stock after buying an additional 54,860 shares during the period. Illinois Municipal Retirement Fund's holdings in Ford Motor were worth $3,393,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Grove Bank & Trust lifted its position in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $30,000. Spurstone Advisory Services LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $31,000. Wood Tarver Financial Group LLC acquired a new stake in Ford Motor in the fourth quarter valued at approximately $31,000. Finally, VSM Wealth Advisory LLC acquired a new position in Ford Motor during the 4th quarter valued at about $36,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Up 0.4%

Ford Motor stock traded up $0.04 during midday trading on Monday, reaching $10.84. 88,445,989 shares of the stock traded hands, compared to its average volume of 81,967,591. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The firm has a market cap of $43.11 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. The company has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $9.96. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.85.

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

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.54%. Ford Motor's dividend payout ratio (DPR) is 48.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on F shares. Piper Sandler raised their price target on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Barclays increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, UBS Group lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.03.

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.