Ford Motor Company (NYSE:F) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,214,552 shares of the auto manufacturer's stock after selling 5,193,400 shares during the period. New York State Common Retirement Fund owned 0.13% of Ford Motor worth $52,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Ford Motor by 10.1% during the 4th quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer's stock valued at $120,000 after acquiring an additional 1,112 shares in the last quarter. Independent Advisor Alliance grew its stake in Ford Motor by 8.4% during the 4th quarter. Independent Advisor Alliance now owns 100,711 shares of the auto manufacturer's stock valued at $997,000 after acquiring an additional 7,788 shares in the last quarter. HighTower Advisors LLC grew its stake in Ford Motor by 15.3% during the 4th quarter. HighTower Advisors LLC now owns 954,931 shares of the auto manufacturer's stock valued at $9,454,000 after acquiring an additional 126,515 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in Ford Motor by 55.5% during the 4th quarter. Frank Rimerman Advisors LLC now owns 59,752 shares of the auto manufacturer's stock valued at $592,000 after acquiring an additional 21,319 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Ford Motor by 53.4% during the 4th quarter. Harbour Investments Inc. now owns 164,521 shares of the auto manufacturer's stock valued at $1,629,000 after acquiring an additional 57,301 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. 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 research note on Thursday, May 22nd. Barclays increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.03.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Ford Motor Stock Performance

NYSE:F opened at $11.77 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a market capitalization of $46.80 billion, a P/E ratio of 9.42, a PEG ratio of 1.00 and a beta of 1.49. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.07. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $0.49 EPS. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.10%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

About Ford Motor

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.

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