Louisiana State Employees Retirement System Invests $2.31 Million in Ford Motor Company $F

Louisiana State Employees Retirement System acquired a new stake in Ford Motor Company (NYSE:F) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 199,700 shares of the auto manufacturer’s stock, valued at approximately $2,305,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Ford Motor during the fourth quarter worth approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Ford Motor in the fourth quarter worth approximately $1,769,000. TD Asset Management Inc increased its holdings in Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after purchasing an additional 189,310 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ford Motor by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after buying an additional 103,423 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after buying an additional 85,848 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the topic of several research reports. Citigroup raised their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Bank of America lifted their price target on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $14.70.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $14.04 on Tuesday. The company has a 50 day moving average price of $13.91 and a 200 day moving average price of $13.37. The firm has a market capitalization of $55.95 billion, a P/E ratio of -9.06, a PEG ratio of 0.31 and a beta of 1.79. 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 Company has a 52 week low of $10.68 and a 52 week high of $17.78.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is presently -38.71%.

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.