Ford Motor (F) Shares Sold by Strs Ohio
Strs Ohio lessened its position in Ford Motor (NYSE:F) by 27.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,199,298 shares of the auto manufacturer’s stock after selling 833,634 shares during the quarter. Strs Ohio owned 0.06% of Ford Motor worth $19,309,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Ford Motor by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after buying an additional 3,950,938 shares during the period. Pzena Investment Management LLC boosted its position in Ford Motor by 5.3% during the fourth quarter. Pzena Investment Management LLC now owns 42,974,503 shares of the auto manufacturer’s stock valued at $328,755,000 after buying an additional 2,169,719 shares during the period. Northern Trust Corp boosted its position in Ford Motor by 3.6% during the fourth quarter. Northern Trust Corp now owns 42,006,725 shares of the auto manufacturer’s stock valued at $321,352,000 after buying an additional 1,474,637 shares during the period. Legal & General Group Plc boosted its position in Ford Motor by 5.7% during the fourth quarter. Legal & General Group Plc now owns 22,619,672 shares of the auto manufacturer’s stock valued at $173,065,000 after buying an additional 1,210,042 shares during the period. Finally, Norges Bank purchased a new stake in Ford Motor during the fourth quarter valued at about $161,692,000. 53.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of F opened at $9.55 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.80. Ford Motor has a one year low of $7.41 and a one year high of $12.15. The stock has a market capitalization of $37.95 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.87 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.60 annualized dividend and a yield of 6.28%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
A number of analysts have recently weighed in on the stock. ValuEngine lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Nomura lowered shares of Ford Motor from a “neutral” rating to a “reduce” rating and dropped their target price for the stock from $8.20 to $7.50 in a report on Friday, April 5th. Barclays set a $9.00 target price on shares of Ford Motor and gave the stock a “hold” rating in a report on Friday, January 4th. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 target price on shares of Ford Motor in a report on Tuesday, January 8th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $8.50 target price on shares of Ford Motor in a report on Monday, January 7th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.26.
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Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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