Teachers Retirement System of The State of Kentucky Invests $9.39 Million in Ford Motor (NYSE:F)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Ford Motor (NYSE:F – Get Rating) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 838,759 shares of the auto manufacturer’s stock, valued at approximately $9,394,000.

Several other large investors have also modified their holdings of F. Wagner Wealth Management LLC purchased a new position in Ford Motor in the second quarter valued at approximately $25,000. Zions Bancorporation N.A. raised its holdings in Ford Motor by 65.8% in the third quarter. Zions Bancorporation N.A. now owns 2,836 shares of the auto manufacturer’s stock valued at $32,000 after buying an additional 1,126 shares during the period. Laurel Wealth Advisors LLC raised its holdings in Ford Motor by 107.6% in the second quarter. Laurel Wealth Advisors LLC now owns 3,020 shares of the auto manufacturer’s stock valued at $34,000 after buying an additional 1,565 shares during the period. Neo Ivy Capital Management raised its holdings in Ford Motor by 82.7% in the second quarter. Neo Ivy Capital Management now owns 3,065 shares of the auto manufacturer’s stock valued at $34,000 after buying an additional 1,387 shares during the period. Finally, WASHINGTON TRUST Co raised its holdings in Ford Motor by 695.8% in the third quarter. WASHINGTON TRUST Co now owns 3,183 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 2,783 shares during the period. 49.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Tudor, Pickering, Holt & Co. lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. Citigroup lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 30th. Tudor Pickering lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Morgan Stanley dropped their price objective on shares of Ford Motor from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.34.

Ford Motor Trading Up 0.9 %

Ford Motor stock opened at $11.82 on Friday. The firm’s 50-day moving average is $12.75 and its 200-day moving average is $13.00. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.06 and a current ratio of 1.20. Ford Motor has a 1 year low of $10.61 and a 1 year high of $17.80. The company has a market cap of $47.12 billion, a P/E ratio of -23.18, a PEG ratio of 1.54 and a beta of 1.53.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The auto manufacturer reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.09). Ford Motor had a positive return on equity of 17.45% and a negative net margin of 1.25%. The business had revenue of $41.80 billion during the quarter, compared to the consensus estimate of $40.73 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Ford Motor will post 1.51 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 13th were given a $0.15 dividend. The ex-dividend date was Friday, February 10th. This represents a $0.60 annualized dividend and a yield of 5.08%. Ford Motor’s dividend payout ratio is presently -117.65%.

Insider Activity at Ford Motor

In related news, insider Ashwani Kumar Galhotra sold 24,850 shares of Ford Motor stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $13.01, for a total value of $323,298.50. Following the sale, the insider now directly owns 511,605 shares in the company, valued at approximately $6,655,981.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ford Motor news, CEO James D. Farley, Jr. sold 79,921 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $12.86, for a total transaction of $1,027,784.06. Following the transaction, the chief executive officer now owns 1,638,667 shares of the company’s stock, valued at approximately $21,073,257.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashwani Kumar Galhotra sold 24,850 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $13.01, for a total transaction of $323,298.50. Following the transaction, the insider now directly owns 511,605 shares in the company, valued at approximately $6,655,981.05. The disclosure for this sale can be found here. Insiders have sold a total of 134,592 shares of company stock worth $1,740,843 in the last ninety days. 0.71% of the stock is owned by insiders.

Ford Motor Profile

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, and Ford Pro, Ford Next, and Ford Credit. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.