Public Employees Retirement Association of Colorado Reduces Holdings in Ford Motor Company (F)
Public Employees Retirement Association of Colorado lessened its stake in Ford Motor Company (NYSE:F) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 650,093 shares of the auto manufacturer’s stock after selling 44,327 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ford Motor were worth $7,782,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in F. Stelac Advisory Services LLC purchased a new position in shares of Ford Motor in the 1st quarter valued at about $271,000. KBC Group NV boosted its stake in shares of Ford Motor by 23.1% in the 1st quarter. KBC Group NV now owns 1,959,653 shares of the auto manufacturer’s stock valued at $22,810,000 after buying an additional 367,112 shares during the period. Prudential Financial Inc. boosted its stake in shares of Ford Motor by 8.5% in the 1st quarter. Prudential Financial Inc. now owns 12,164,655 shares of the auto manufacturer’s stock valued at $141,597,000 after buying an additional 950,700 shares during the period. AR Asset Management Inc. boosted its stake in shares of Ford Motor by 91.4% in the 1st quarter. AR Asset Management Inc. now owns 79,585 shares of the auto manufacturer’s stock valued at $926,000 after buying an additional 38,000 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Ford Motor by 9.3% in the 1st quarter. Stifel Financial Corp now owns 1,173,913 shares of the auto manufacturer’s stock valued at $13,640,000 after buying an additional 99,920 shares during the period. Institutional investors and hedge funds own 54.22% of the company’s stock.
In related news, insider Steven R. Armstrong sold 22,076 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the transaction, the insider now directly owns 76,358 shares in the company, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders have sold 137,076 shares of company stock worth $1,599,180 in the last ninety days. 1.08% of the stock is currently owned by corporate insiders.
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Several research firms recently weighed in on F. Zacks Investment Research cut Ford Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 10th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price for the company in a research note on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research note on Friday, July 28th. BidaskClub cut Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Nomura restated a “neutral” rating and set a $11.60 target price (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and an average price target of $12.63.
Ford Motor Company (NYSE F) opened at $12.36 on Friday. Ford Motor Company has a twelve month low of $10.47 and a twelve month high of $13.27. The stock has a market capitalization of $49,090.89, a P/E ratio of 7.36, a PEG ratio of 0.64 and a beta of 1.24. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Ford Motor’s quarterly revenue was up .9% on a year-over-year basis. sell-side analysts forecast that Ford Motor Company will post 1.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio is presently 54.55%.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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