New York Life Investment Management LLC Acquires 10,793 Shares of Ford Motor Company $F

New York Life Investment Management LLC raised its holdings in Ford Motor Company (NYSE:F) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 547,975 shares of the auto manufacturer’s stock after acquiring an additional 10,793 shares during the period. New York Life Investment Management LLC’s holdings in Ford Motor were worth $5,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aurora Private Wealth Inc. acquired a new stake in shares of Ford Motor during the first quarter valued at about $106,000. Bessemer Group Inc. boosted its stake in shares of Ford Motor by 25.3% during the first quarter. Bessemer Group Inc. now owns 46,871 shares of the auto manufacturer’s stock valued at $471,000 after purchasing an additional 9,457 shares in the last quarter. Sovran Advisors LLC boosted its stake in shares of Ford Motor by 31.7% during the first quarter. Sovran Advisors LLC now owns 28,338 shares of the auto manufacturer’s stock valued at $273,000 after purchasing an additional 6,825 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Ford Motor during the first quarter valued at about $189,000. Finally, Amalgamated Bank boosted its stake in shares of Ford Motor by 1.2% during the first quarter. Amalgamated Bank now owns 758,519 shares of the auto manufacturer’s stock valued at $7,608,000 after purchasing an additional 9,324 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday, October 14th. Piper Sandler lifted their price objective on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. UBS Group lifted their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.73.

Ford Motor Trading Up 0.9%

Shares of F stock opened at $13.25 on Thursday. The company has a market cap of $52.71 billion, a P/E ratio of 11.42, a PEG ratio of 4.00 and a beta of 1.53. The stock has a 50 day simple moving average of $11.95 and a two-hundred day simple moving average of $11.16. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $13.97.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

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.