Louisiana State Employees Retirement System Decreases Stake in Ford Motor (NYSE:F)

Louisiana State Employees Retirement System decreased its stake in shares of Ford Motor (NYSE:F) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 210,000 shares of the auto manufacturer’s stock after selling 9,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ford Motor were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Exchange Traded Concepts LLC increased its position in shares of Ford Motor by 250.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,208 shares of the auto manufacturer’s stock valued at $330,000 after acquiring an additional 22,305 shares during the period. Swedbank AB grew its stake in Ford Motor by 13.5% during the 3rd quarter. Swedbank AB now owns 942,663 shares of the auto manufacturer’s stock valued at $9,955,000 after purchasing an additional 112,066 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Ford Motor by 37.4% in the third quarter. Vontobel Holding Ltd. now owns 180,619 shares of the auto manufacturer’s stock valued at $1,907,000 after purchasing an additional 49,191 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of Ford Motor by 3.2% in the third quarter. Cornerstone Wealth Management LLC now owns 87,268 shares of the auto manufacturer’s stock worth $922,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Good Life Advisors LLC boosted its position in Ford Motor by 101.2% in the third quarter. Good Life Advisors LLC now owns 150,472 shares of the auto manufacturer’s stock valued at $1,589,000 after buying an additional 75,680 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Evercore ISI lowered their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Bank of America reduced their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.89.

Ford Motor Trading Up 1.3 %

Shares of Ford Motor stock opened at $9.48 on Friday. Ford Motor has a twelve month low of $9.10 and a twelve month high of $14.85. The firm’s 50-day moving average price is $9.94 and its 200 day moving average price is $10.48. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $37.66 billion, a PE ratio of 6.49, a P/E/G ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, sell-side analysts predict that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Ford Motor 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.