State of New Jersey Common Pension Fund D Cuts Stake in Ford Motor Company $F

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Ford Motor Company by 9.8%, owning 1,280,162 shares valued at approximately $12.84 million after selling 138,967 shares.
• Ford recently announced a quarterly dividend of $0.15 per share, with a yield of 5.2%, and the dividend payout ratio currently stands at 76.92%.
• Ford's stock currently has an average rating of "Hold" from analysts, with a target price averaging $10.53, while three research analysts have rated it with a sell rating.

State of New Jersey Common Pension Fund D decreased its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,280,162 shares of the auto manufacturer's stock after selling 138,967 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Ford Motor were worth $12,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of F. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 289.1% during the 1st 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. Elite Financial Inc. acquired a new position in Ford Motor during the first quarter worth $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor during the first quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new stake in Ford Motor in the 1st quarter valued at $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter worth $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Up 1.0%

Ford Motor stock traded up $0.1150 during midday trading on Tuesday, reaching $11.5750. The company's stock had a trading volume of 57,975,393 shares, compared to its average volume of 99,580,258. The business has a 50-day simple moving average of $11.15 and a 200-day simple moving average of $10.31. The company has a market cap of $46.07 billion, a P/E ratio of 14.84, a P/E/G ratio of 3.30 and a beta of 1.48. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. On average, research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor's dividend payout ratio is presently 76.92%.

Insider Activity at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction 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 sale, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 31st. UBS Group raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Citigroup raised their target price on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Barclays boosted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $10.53.

Ford Motor Company 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.