Public Employees Retirement System of Ohio Sells 153,422 Shares of Ford Motor Company $F

Public Employees Retirement System of Ohio lowered its stake in Ford Motor Company (NYSE:F) by 7.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,847,897 shares of the auto manufacturer’s stock after selling 153,422 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ford Motor were worth $25,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in shares of Ford Motor during the second quarter valued at about $333,000. Pure Financial Advisors LLC lifted its position in shares of Ford Motor by 9.9% in the second quarter. Pure Financial Advisors LLC now owns 31,861 shares of the auto manufacturer’s stock worth $443,000 after buying an additional 2,873 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after buying an additional 55,100,244 shares in the last quarter. Freestone Grove Partners LP bought a new position in Ford Motor during the second quarter valued at approximately $24,943,000. Finally, Jupiter Topco LLC bought a new position in Ford Motor during the second quarter valued at approximately $8,684,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.4%

F opened at $13.89 on Friday. The stock has a 50-day moving average of $14.09 and a 200 day moving average of $13.52. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The firm has a market cap of $55.39 billion, a P/E ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Barclays boosted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, TD Cowen upped their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.68.

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.