Ford Motor (NYSE:F) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in shares of Ford Motor (NYSE:F) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 305,427 shares of the auto manufacturer’s stock after acquiring an additional 5,717 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ford Motor were worth $3,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in Ford Motor during the fourth quarter worth approximately $120,000. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $151,000. Clifford Swan Investment Counsel LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $211,000. Pointe Capital Management LLC acquired a new stake in Ford Motor during the fourth quarter worth about $348,000. Finally, TCG Advisory Services LLC raised its stake in Ford Motor by 40.6% during the fourth quarter. TCG Advisory Services LLC now owns 15,126 shares of the auto manufacturer’s stock worth $184,000 after purchasing an additional 4,364 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 1.8 %

Shares of F traded down $0.22 during midday trading on Tuesday, hitting $12.13. The company had a trading volume of 36,225,388 shares, compared to its average volume of 53,797,363. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The firm has a market capitalization of $48.43 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The company’s 50-day simple moving average is $12.65 and its 200-day simple moving average is $11.81.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analyst Weigh In

F has been the topic of several analyst reports. Redburn Atlantic assumed coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target on the stock. Royal Bank of Canada increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Barclays boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley lifted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Citigroup upped their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $13.74.

Insider Transactions at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

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.