Maryland State Retirement & Pension System Buys 6,187 Shares of Ford Motor Company $F

Maryland State Retirement & Pension System raised its stake in Ford Motor Company (NYSE:F) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,742 shares of the auto manufacturer’s stock after purchasing an additional 6,187 shares during the period. Maryland State Retirement & Pension System’s holdings in Ford Motor were worth $2,059,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor in the 1st quarter valued at $30,000. Finally, WPG Advisers LLC bought a new stake in Ford Motor in the 1st quarter valued at $33,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Down 0.7%

Shares of Ford Motor stock opened at $11.43 on Friday. The stock has a market capitalization of $45.47 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 3.31 and a beta of 1.53. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $10.88. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. Ford Motor’s dividend payout ratio (DPR) is 76.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on F shares. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Piper Sandler raised their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Royal Bank Of Canada raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Finally, Barclays raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.04.

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.