Public Employees Retirement System of Ohio increased its position in Ford Motor (NYSE:F) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,689,092 shares of the auto manufacturer’s stock after purchasing an additional 11,911 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of Ford Motor worth $33,587,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Balentine LLC raised its holdings in Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 365 shares during the period. Winslow Evans & Crocker Inc. raised its holdings in Ford Motor by 136.1% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 4,900 shares during the period. Brighton Jones LLC raised its holdings in Ford Motor by 40.3% in the 3rd quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after acquiring an additional 5,518 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Ford Motor in the 3rd quarter valued at about $124,000. Finally, Colony Group LLC bought a new position in Ford Motor in the 2nd quarter valued at about $125,000. 54.06% of the stock is currently owned by institutional investors.
In related news, insider Steven R. Armstrong sold 10,752 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the sale, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hau N. Thai-Tang sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $13.00, for a total transaction of $234,000.00. Following the sale, the insider now owns 14,358 shares in the company, valued at approximately $186,654. The disclosure for this sale can be found here. Insiders have sold a total of 47,752 shares of company stock worth $603,965 in the last quarter. 1.08% of the stock is currently owned by company insiders.
Ford Motor (NYSE:F) opened at $10.59 on Wednesday. Ford Motor has a 52-week low of $10.19 and a 52-week high of $13.48. The stock has a market cap of $42,070.00, a P/E ratio of 5.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.14. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $38.50 billion for the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. sell-side analysts expect that Ford Motor will post 1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, January 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.67%. Ford Motor’s dividend payout ratio is 31.58%.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, October 31st. Citigroup increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Nomura decreased their target price on shares of Ford Motor to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 target price on the stock. in a research report on Monday, January 29th. Finally, Jefferies Group increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.54.
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About Ford Motor
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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