Public Employees Retirement System of Ohio Decreases Stock Holdings in Ford Motor Company $F

Public Employees Retirement System of Ohio cut its stake in shares of Ford Motor Company (NYSE:F) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,847,897 shares of the auto manufacturer’s stock after selling 153,422 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ford Motor were worth $25,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in Ford Motor in the fourth quarter worth approximately $25,000. McMillan Office Inc. purchased a new stake in shares of Ford Motor in the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID raised its holdings in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Finally, Caldwell Trust Co lifted its position in Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 2,175 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on F. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. UBS Group lifted their price objective on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Finally, Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Price Performance

NYSE:F opened at $13.89 on Friday. The business’s 50-day simple moving average is $14.09 and its two-hundred day simple moving average is $13.52. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The stock has a market cap of $55.39 billion, a PE ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Ford Motor Company 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.