State of Alaska Department of Revenue Has $5.84 Million Holdings in Ford Motor (NYSE:F)

State of Alaska Department of Revenue trimmed its position in Ford Motor (NYSE:FFree Report) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 479,199 shares of the auto manufacturer’s stock after selling 41,085 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ford Motor were worth $5,840,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the third quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of Ford Motor during the second quarter worth approximately $28,000. Peoples Bank KS purchased a new position in Ford Motor during the third quarter valued at approximately $29,000. Finally, Fairfield Bush & CO. acquired a new position in Ford Motor in the 2nd quarter valued at approximately $29,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on F shares. HSBC assumed coverage on shares of Ford Motor in a report on Monday, December 4th. They set a “hold” rating and a $11.30 price target on the stock. UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday, January 17th. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Barclays raised their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, BNP Paribas downgraded shares of Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $13.75.

Get Our Latest Research Report on Ford Motor

Ford Motor Stock Performance

NYSE:F opened at $13.28 on Monday. The firm has a market capitalization of $52.77 billion, a PE ratio of 12.30, a PEG ratio of 1.06 and a beta of 1.63. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The firm’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $11.71.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

About Ford Motor

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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