New York State Common Retirement Fund Has $35.92 Million Holdings in Ford Motor Company $F

New York State Common Retirement Fund increased its holdings in shares of Ford Motor Company (NYSE:F) by 11.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,003,700 shares of the auto manufacturer’s stock after purchasing an additional 308,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Ford Motor worth $35,924,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after buying an additional 4,585,636 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ford Motor by 3.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock valued at $1,575,118,000 after purchasing an additional 5,118,228 shares during the last quarter. Geode Capital Management LLC grew its stake in Ford Motor by 17.9% in the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares in the last quarter. Norges Bank acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $405,328,000. Finally, Legal & General Group Plc raised its stake in shares of Ford Motor by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock worth $372,170,000 after purchasing an additional 1,104,139 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on F. Royal Bank Of Canada raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. UBS Group upped their target price on shares of Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.19.

Ford Motor Stock Performance

Shares of F stock opened at $13.87 on Friday. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $14.50. The company has a market capitalization of $55.25 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 5.92 and a beta of 1.62. The company has a 50-day simple moving average of $13.48 and a 200 day simple moving average of $12.48. 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 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.