Louisiana State Employees Retirement System Increases Holdings in Ford Motor (F)

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Louisiana State Employees Retirement System raised its holdings in shares of Ford Motor (NYSE:F) by 0.6% in the 1st quarter, Holdings Channel reports. The firm owned 206,300 shares of the auto manufacturer’s stock after buying an additional 1,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Ford Motor were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Ford Motor during the 4th quarter worth $161,692,000. Oregon Public Employees Retirement Fund increased its position in Ford Motor by 572.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock worth $2,583,000 after buying an additional 16,825,955 shares during the period. Geode Capital Management LLC increased its position in Ford Motor by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after buying an additional 3,950,938 shares during the period. Millennium Management LLC increased its position in Ford Motor by 4,908.8% during the 4th quarter. Millennium Management LLC now owns 3,259,172 shares of the auto manufacturer’s stock worth $24,933,000 after buying an additional 3,326,947 shares during the period. Finally, Federated Investors Inc. PA increased its position in Ford Motor by 230.9% during the 3rd quarter. Federated Investors Inc. PA now owns 3,712,168 shares of the auto manufacturer’s stock worth $34,337,000 after buying an additional 2,590,192 shares during the period. 53.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE F opened at $9.36 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.15. The firm has a market capitalization of $37.07 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.85 and a beta of 1.04.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The company had revenue of $38.70 billion for the quarter, compared to analysts’ expectations of $36.83 billion. During the same quarter last year, the business earned $0.39 earnings per share. Ford Motor’s revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s payout ratio is currently 46.15%.

Several research analysts have weighed in on the company. Citigroup reiterated a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research report on Wednesday, January 9th. Seaport Global Securities initiated coverage on Ford Motor in a research report on Wednesday, February 13th. They set a “neutral” rating and a $8.46 price objective on the stock. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $8.50 price target on shares of Ford Motor in a research report on Monday, January 7th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, January 8th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $10.26.

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Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

Read More: How to Calculate Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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