Kentucky Retirement Systems Decreases Stake in Ford Motor (NYSE:F)

Kentucky Retirement Systems lowered its position in Ford Motor (NYSE:F) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,306 shares of the auto manufacturer’s stock after selling 3,696 shares during the quarter. Kentucky Retirement Systems’ holdings in Ford Motor were worth $2,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $29,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $31,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the 3rd quarter worth approximately $33,000. Finally, Crewe Advisors LLC lifted its position in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $9.29 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a market capitalization of $36.80 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.61 and a beta of 1.63. The company’s fifty day moving average is $9.81 and its two-hundred day moving average is $10.44. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.46%. Ford Motor’s dividend payout ratio is currently 41.10%.

Analyst Ratings Changes

Several analysts have recently weighed in on F shares. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Company Profile

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.