Treasurer of the State of North Carolina Acquires 33,200 Shares of Ford Motor (NYSE:F)

Treasurer of the State of North Carolina increased its position in shares of Ford Motor (NYSE:F - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,767,318 shares of the auto manufacturer's stock after buying an additional 33,200 shares during the period. Treasurer of the State of North Carolina's holdings in Ford Motor were worth $17,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Franklin Resources Inc. lifted its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock valued at $15,998,000 after buying an additional 336,720 shares during the period. NCP Inc. raised its stake in Ford Motor by 62.0% during the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after acquiring an additional 28,528 shares in the last quarter. Principal Financial Group Inc. boosted its position in Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after buying an additional 160,409 shares in the last quarter. Alberta Investment Management Corp grew its position in Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock worth $1,941,000 after acquiring an additional 91,300 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Ford Motor in the 4th quarter valued at $10,853,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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Ford Motor Stock Down 2.6 %

NYSE F traded down $0.26 during trading hours on Tuesday, reaching $9.46. 112,373,491 shares of the company's stock were exchanged, compared to its average volume of 70,843,898. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company's 50-day moving average is $9.57 and its two-hundred day moving average is $10.16. Ford Motor has a one year low of $8.44 and a one year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.35%. Ford Motor's payout ratio is presently 41.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $9.00 target price (down from $11.00) on shares of Ford Motor in a research report on Thursday, April 10th. Piper Sandler decreased their price objective on Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Evercore ISI dropped their target price on Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. StockNews.com cut Ford Motor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.30.

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.