Maryland State Retirement & Pension System Sells 26,113 Shares of Ford Motor Company (NYSE:F)

Maryland State Retirement & Pension System trimmed its position in Ford Motor Company (NYSE:F - Free Report) by 12.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 183,555 shares of the auto manufacturer's stock after selling 26,113 shares during the period. Maryland State Retirement & Pension System's holdings in Ford Motor were worth $1,841,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of Ford Motor by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 134,951 shares of the auto manufacturer's stock worth $1,336,000 after acquiring an additional 2,535 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Ford Motor by 37.0% in the 4th quarter. Bessemer Group Inc. now owns 37,414 shares of the auto manufacturer's stock worth $370,000 after acquiring an additional 10,095 shares in the last quarter. F M Investments LLC grew its stake in shares of Ford Motor by 20.4% in the 4th quarter. F M Investments LLC now owns 125,568 shares of the auto manufacturer's stock valued at $1,243,000 after buying an additional 21,288 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Ford Motor by 1.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 1,767,318 shares of the auto manufacturer's stock valued at $17,496,000 after buying an additional 33,200 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at about $212,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Up 0.5%

Shares of F stock opened at $11.34 on Friday. The company's fifty day simple moving average is $11.00 and its two-hundred day simple moving average is $10.26. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The stock has a market capitalization of $45.13 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 3.27 and a beta of 1.48.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.3%. Ford Motor's payout ratio is 76.92%.

Insider Transactions at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the company'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 transaction, the insider directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. The Goldman Sachs Group raised their target price on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Citigroup lifted their price target on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.

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