Kentucky Retirement Systems Insurance Trust Fund Has $1.22 Million Stake in Ford Motor (NYSE:F)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in Ford Motor (NYSE:F) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Legal & General Group Plc increased its position in shares of Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after acquiring an additional 318,715 shares during the last quarter. LSV Asset Management lifted its stake in Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after acquiring an additional 1,214,640 shares during the period. Finally, National Pension Service lifted its holdings in Ford Motor by 19.7% during the third quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer’s stock valued at $106,815,000 after purchasing an additional 1,663,460 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

F has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research began coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Down 0.5 %

Ford Motor stock opened at $11.01 on Monday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business’s fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $11.50. The company has a market capitalization of $43.76 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. As a group, equities analysts predict that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Ford Motor’s payout ratio is currently 68.18%.

About Ford Motor

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.