Ford Motor (NYSE:F) Stake Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in Ford Motor (NYSE:F) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,002 shares of the auto manufacturer’s stock after selling 23,507 shares during the period. Kentucky Retirement Systems’ holdings in Ford Motor were worth $2,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Ford Motor by 456.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after purchasing an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC raised its position in Ford Motor by 103.6% during the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after acquiring an additional 2,497,695 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after purchasing an additional 2,488,850 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $11.01 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $43.76 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.00 and a beta of 1.62. The firm’s 50 day moving average is $10.79 and its 200-day moving average is $11.50. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Ford Motor’s payout ratio is presently 68.18%.

Analyst Ratings Changes

A number of research analysts recently weighed in on F shares. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Wolfe Research assumed coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.