Ford Motor Company $F Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Ford Motor Company (NYSE:F) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,322,927 shares of the auto manufacturer’s stock after buying an additional 42,765 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ford Motor were worth $15,822,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swiss National Bank raised its stake in shares of Ford Motor by 7.4% during the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock valued at $128,279,000 after purchasing an additional 813,800 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ford Motor by 7.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock valued at $81,118,000 after purchasing an additional 510,473 shares in the last quarter. Aviva PLC increased its stake in Ford Motor by 1,280.3% during the 2nd quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock worth $31,675,000 after buying an additional 2,707,834 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Ford Motor by 3.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,055,356 shares of the auto manufacturer’s stock worth $98,251,000 after buying an additional 279,470 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Ford Motor in the 3rd quarter valued at about $2,187,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Ford Motor stock opened at $14.10 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50. The company has a fifty day moving average price of $13.64 and a two-hundred day moving average price of $12.70. The company has a market cap of $56.16 billion, a PE ratio of -6.84, a P/E/G ratio of 0.34 and a beta of 1.66.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The company had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Research analysts expect 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 Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is -29.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen lifted their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Wall Street Zen lowered Ford Motor from a “buy” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. Evercore raised their price target on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Finally, Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $11.00 to $16.00 in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.02.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.