Kentucky Retirement Systems Insurance Trust Fund Sells 10,885 Shares of Ford Motor (NYSE:F)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Ford Motor (NYSE:F) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,599 shares of the auto manufacturer’s stock after selling 10,885 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ford Motor were worth $1,221,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC grew its holdings in Ford Motor by 8.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 115,607 shares of the auto manufacturer’s stock worth $1,535,000 after acquiring an additional 8,966 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of Ford Motor by 14.7% in the first quarter. TIAA Trust National Association now owns 84,595 shares of the auto manufacturer’s stock valued at $1,123,000 after purchasing an additional 10,841 shares in the last quarter. Rockport Wealth LLC bought a new position in Ford Motor in the 1st quarter worth approximately $277,000. O Shaughnessy Asset Management LLC increased its stake in shares of Ford Motor by 7.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 173,814 shares of the auto manufacturer’s stock valued at $2,308,000 after buying an additional 11,403 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of Ford Motor during the first quarter worth $275,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Stock Down 0.5 %

F opened at $11.01 on Monday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a fifty day moving average of $10.79 and a 200-day moving average of $11.50. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a market capitalization of $43.76 billion, a P/E ratio of 12.51, a P/E/G ratio of 2.00 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the company earned $0.39 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid 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 dividend yield of 5.45%. Ford Motor’s payout ratio is presently 68.18%.

Ford Motor 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.