State of Alaska Department of Revenue Sells 13,830 Shares of Ford Motor (NYSE:F)

State of Alaska Department of Revenue decreased its holdings in Ford Motor (NYSE:F) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 465,369 shares of the auto manufacturer’s stock after selling 13,830 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ford Motor were worth $6,179,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in F. Sequoia Financial Advisors LLC grew its holdings in shares of Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after acquiring an additional 44,581 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Ford Motor by 11.9% during the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock worth $5,230,000 after buying an additional 44,805 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $56,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after buying an additional 2,190,915 shares during the period. Finally, Cerity Partners LLC raised its stake in Ford Motor by 287.4% in the 4th quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after acquiring an additional 449,604 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $12.87 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The firm has a market cap of $51.38 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company’s fifty day simple moving average is $12.20 and its two-hundred day simple moving average is $12.25.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Sanford C. Bernstein started coverage on Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.89.

Insider Activity

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Ford Motor 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.