Teachers Retirement System of The State of Kentucky lowered its stake in Ford Motor Company (NYSE:F) by 7.5% during the first quarter, Holdings Channel reports. The fund owned 447,027 shares of the auto manufacturer’s stock after selling 36,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ford Motor were worth $5,203,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Argent Trust Co raised its stake in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after buying an additional 30 shares during the last quarter. FNY Managed Accounts LLC raised its stake in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 34 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Ford Motor by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 15,078 shares of the auto manufacturer’s stock valued at $176,000 after buying an additional 123 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Ford Motor by 0.4% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer’s stock valued at $478,000 after buying an additional 159 shares in the last quarter. Finally, Hanson McClain Inc. raised its stake in shares of Ford Motor by 0.6% in the first quarter. Hanson McClain Inc. now owns 27,656 shares of the auto manufacturer’s stock valued at $322,000 after buying an additional 164 shares in the last quarter. 55.23% of the stock is currently owned by institutional investors.

Ford Motor Company (NYSE F) remained flat at $10.77 during midday trading on Friday. The company’s stock had a trading volume of 32,300,117 shares. The company has a 50 day moving average of $11.24 and a 200-day moving average of $11.60. The stock has a market cap of $42.78 billion, a P/E ratio of 11.34 and a beta of 1.11. Ford Motor Company has a 52-week low of $10.67 and a 52-week high of $13.27.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion during the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. Equities analysts anticipate that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.

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Several brokerages recently commented on F. Nomura reaffirmed a “neutral” rating and issued a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Ford Motor in a research note on Monday, August 7th. Instinet lowered Ford Motor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.80 to $11.60 in a research note on Wednesday. Finally, Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.60.

In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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