VIRGINIA RETIREMENT SYSTEMS ET Al Sells 1,482,200 Shares of Ford Motor Company $F

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in Ford Motor Company (NYSE:F) by 49.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,515,700 shares of the auto manufacturer’s stock after selling 1,482,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Ford Motor were worth $19,886,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of F. Grove Bank & Trust raised its holdings in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. Olistico Wealth LLC bought a new stake in Ford Motor during the fourth quarter worth about $26,000. Johnson Financial Group Inc. grew its stake in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at $29,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Ford Motor in the 3rd quarter valued at about $32,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of NYSE:F opened at $13.57 on Thursday. The company’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $13.01. Ford Motor Company has a 12-month low of $9.88 and a 12-month high of $14.80. The firm has a market cap of $54.05 billion, a PE ratio of -8.75, a PEG ratio of 0.27 and a beta of 1.65. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Equities research analysts predict that Ford Motor Company will post 1.58 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

Analyst Upgrades and Downgrades

F has been the subject of several recent analyst reports. Bank of America initiated coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. TD Cowen decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.56.

Insider Activity

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of Ford Motor stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. The trade was a 3.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.