Public Sector Pension Investment Board Purchases 42,966 Shares of Ford Motor Company $F

Public Sector Pension Investment Board grew its holdings in Ford Motor Company (NYSE:F) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 339,733 shares of the auto manufacturer’s stock after purchasing an additional 42,966 shares during the quarter. Public Sector Pension Investment Board’s holdings in Ford Motor were worth $4,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of F. Corsicana & Co. acquired a new position in Ford Motor in the third quarter valued at approximately $25,000. Salomon & Ludwin LLC raised its position in shares of Ford Motor by 86.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after acquiring an additional 1,083 shares during the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Country Trust Bank bought a new position in shares of Ford Motor in the 2nd quarter worth $27,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Ford Motor during the second quarter worth $30,000. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and increased their price target for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Barclays upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Evercore lifted their price target on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.02.

Ford Motor Trading Up 1.7%

Shares of NYSE:F opened at $14.01 on Friday. The firm has a market cap of $55.82 billion, a price-to-earnings ratio of -6.80, a PEG ratio of 0.33 and a beta of 1.66. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50. The company’s fifty day simple moving average is $13.68 and its 200 day simple moving average is $12.76. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was down 4.8% on a year-over-year basis. As a group, research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is currently -29.13%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.