Kentucky Retirement Systems Sells 23,507 Shares of Ford Motor (NYSE:F)

Kentucky Retirement Systems lowered its stake in shares of Ford Motor (NYSE:F) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,002 shares of the auto manufacturer’s stock after selling 23,507 shares during the period. Kentucky Retirement Systems’ holdings in Ford Motor were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. Olistico Wealth LLC bought a new position in Ford Motor during the second quarter worth about $25,000. Family Firm Inc. bought a new position in shares of Ford Motor during the 2nd quarter valued at about $26,000. Quarry LP acquired a new position in shares of Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the second quarter worth $30,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on F. Wells Fargo & Company lowered their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wolfe Research initiated coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Down 0.5 %

Shares of NYSE: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 company has a 50-day simple moving average of $10.79 and a 200 day simple moving average of $11.50. The company has a market capitalization of $43.76 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share 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 business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.45%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Ford Motor Company 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.