California Public Employees Retirement System Has $87.50 Million Stock Holdings in Ford Motor (NYSE:F)

California Public Employees Retirement System decreased its position in shares of Ford Motor (NYSE:F) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,178,157 shares of the auto manufacturer’s stock after selling 304,521 shares during the period. California Public Employees Retirement System owned about 0.18% of Ford Motor worth $87,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in shares of Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after acquiring an additional 44,581 shares in the last quarter. Pearl River Capital LLC boosted its position in Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after buying an additional 211,037 shares in the last quarter. TIAA Trust National Association acquired a new stake in Ford Motor in the third quarter valued at approximately $1,104,000. Mackenzie Financial Corp boosted its position in Ford Motor by 110.5% in the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after buying an additional 258,920 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on F shares. UBS Group lowered shares of 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. Citigroup raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. Redburn Atlantic started coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $13.82.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F opened at $12.95 on Thursday. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The firm has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.78. The company has a market capitalization of $51.46 billion, a PE ratio of 11.99, a P/E/G ratio of 1.02 and a beta of 1.63. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Announces Dividend

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

About Ford Motor

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.