New York State Common Retirement Fund Purchases 308,000 Shares of Ford Motor Company $F

New York State Common Retirement Fund grew its position in shares of Ford Motor Company (NYSE:F) by 11.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,003,700 shares of the auto manufacturer’s stock after buying an additional 308,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Ford Motor were worth $35,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Investment Advisors LLC raised its stake in Ford Motor by 1.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock worth $767,000 after purchasing an additional 824 shares in the last quarter. Silverlake Wealth Management LLC grew its position in shares of Ford Motor by 1.7% during the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after purchasing an additional 827 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Ford Motor by 2.4% during the third quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock worth $427,000 after purchasing an additional 851 shares during the period. Mather Group LLC. raised its position in shares of Ford Motor by 4.8% in the third quarter. Mather Group LLC. now owns 19,316 shares of the auto manufacturer’s stock valued at $231,000 after buying an additional 878 shares in the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of Ford Motor by 7.1% in the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock valued at $146,000 after buying an additional 885 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen increased their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. JPMorgan Chase & Co. raised their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. UBS Group boosted their price target on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, HSBC increased their price objective on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.19.

Ford Motor Stock Performance

NYSE:F opened at $13.87 on Friday. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.50. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock’s 50-day simple moving average is $13.48 and its 200 day simple moving average is $12.48. The firm has a market capitalization of $55.25 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 5.92 and a beta of 1.62.

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.