Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 19,962 Shares of Ford Motor (NYSE:F)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Ford Motor (NYSE:F) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 829,988 shares of the auto manufacturer’s stock after selling 19,962 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ford Motor were worth $8,217,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares during the period. NCP Inc. boosted its position in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its position in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor in the 3rd quarter worth approximately $55,456,000. Finally, Alberta Investment Management Corp lifted its position in shares of Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on F. Royal Bank of Canada lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Evercore ISI lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Ford Motor Trading Up 0.3 %

Shares of Ford Motor stock opened at $10.05 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59. The firm’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $10.30.

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, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. Ford Motor’s payout ratio is currently 41.10%.

About Ford Motor

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.