Virginia Retirement Systems ET AL purchased a new position in Ford Motor Co. (NYSE:F) during the second quarter, Holdings Channel reports. The firm purchased 244,500 shares of the auto manufacturer’s stock, valued at approximately $3,073,000.

Several other institutional investors also recently bought and sold shares of F. VNBTrust National Association raised its stake in Ford Motor by 0.4% in the second quarter. VNBTrust National Association now owns 13,175 shares of the auto manufacturer’s stock valued at $166,000 after buying an additional 50 shares in the last quarter. Boston Common Asset Management LLC raised its stake in Ford Motor by 0.3% in the second quarter. Boston Common Asset Management LLC now owns 24,972 shares of the auto manufacturer’s stock valued at $314,000 after buying an additional 65 shares in the last quarter. Barry Investment Advisors LLC raised its stake in Ford Motor by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 14,217 shares of the auto manufacturer’s stock valued at $179,000 after buying an additional 95 shares in the last quarter. Nicolet Bankshares Inc. raised its stake in Ford Motor by 0.4% in the first quarter. Nicolet Bankshares Inc. now owns 23,404 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 100 shares in the last quarter. Finally, Cypress Asset Management Inc. TX raised its stake in Ford Motor by 0.7% in the second quarter. Cypress Asset Management Inc. TX now owns 13,550 shares of the auto manufacturer’s stock valued at $170,000 after buying an additional 100 shares in the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Co. (NYSE:F) opened at 12.09 on Thursday. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $15.84. The company has a 50-day moving average price of $12.35 and a 200 day moving average price of $13.00. The company has a market capitalization of $48.04 billion, a PE ratio of 5.70 and a beta of 1.30.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The company had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Ford Motor Co. will post $1.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Tuesday, July 26th. Ford Motor’s dividend payout ratio (DPR) is presently 29.27%.

F has been the subject of several research analyst reports. TheStreet raised Ford Motor to a “buy” rating in a research note on Thursday, May 26th. Barclays PLC reissued an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Friday, May 27th. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.04 price objective for the company in a research note on Monday, May 30th. Citigroup Inc. reissued a “buy” rating on shares of Ford Motor in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Ford Motor has a consensus rating of “Hold” and an average price target of $14.07.

In related news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $12.26 per share, with a total value of $61,300.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $306,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

About Ford Motor

Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.

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