New York State Common Retirement Fund Sells 2,518,852 Shares of Ford Motor Company $F

New York State Common Retirement Fund lowered its position in Ford Motor Company (NYSE:F) by 48.3% during the second quarter, Holdings Channel reports. The firm owned 2,695,700 shares of the auto manufacturer’s stock after selling 2,518,852 shares during the period. New York State Common Retirement Fund’s holdings in Ford Motor were worth $29,248,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of F. Advisors Capital Management LLC raised its stake in Ford Motor by 7.1% during the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock worth $146,000 after buying an additional 885 shares during the last quarter. Parcion Private Wealth LLC grew its holdings in Ford Motor by 7.9% during the 2nd quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer’s stock worth $136,000 after acquiring an additional 919 shares during the period. Wedmont Private Capital raised its position in shares of Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares in the last quarter. Convergence Investment Partners LLC raised its position in shares of Ford Motor by 7.4% in the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer’s stock worth $149,000 after acquiring an additional 941 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock valued at $43,000 after purchasing an additional 947 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 0.6%

NYSE F opened at $13.27 on Monday. The company has a market cap of $52.87 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 4.03 and a beta of 1.60. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The business has a 50 day moving average price of $12.56 and a 200-day moving average price of $11.64. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. During the same period last year, the business earned $0.49 EPS. Ford Motor’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on F shares. Barclays raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and increased their price target for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Wells Fargo & Company raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Dbs Bank downgraded shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.88.

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.