State of New Jersey Common Pension Fund D Lowers Stock Position in Ford Motor (NYSE:F)

State of New Jersey Common Pension Fund D trimmed its stake in shares of Ford Motor (NYSE:F) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,419,129 shares of the auto manufacturer’s stock after selling 7,510 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ford Motor were worth $14,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Ford Motor by 110.7% during the third quarter. Blue Trust Inc. now owns 33,199 shares of the auto manufacturer’s stock worth $351,000 after buying an additional 17,441 shares during the period. New Century Financial Group LLC purchased a new stake in Ford Motor in the 3rd quarter valued at about $117,000. OLD National Bancorp IN increased its position in Ford Motor by 65.6% during the third quarter. OLD National Bancorp IN now owns 561,883 shares of the auto manufacturer’s stock worth $5,933,000 after purchasing an additional 222,483 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth $154,000. Finally, Bellecapital International Ltd. increased its stake in Ford Motor by 8.8% during the third quarter. Bellecapital International Ltd. now owns 188,899 shares of the auto manufacturer’s stock worth $1,995,000 after acquiring an additional 15,297 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Up 1.3 %

NYSE F opened at $9.48 on Tuesday. The company has a market capitalization of $37.66 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The firm’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $10.46.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts anticipate that Ford Motor will post 1.7 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, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on F shares. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $11.89.

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.