Public Employees Retirement Association of Colorado Decreases Stock Position in Ford Motor (NYSE:F)

Public Employees Retirement Association of Colorado trimmed its position in shares of Ford Motor (NYSE:F) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 525,922 shares of the auto manufacturer’s stock after selling 18,300 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Ford Motor were worth $5,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after acquiring an additional 336,720 shares during the period. NCP Inc. boosted its stake in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after purchasing an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Ford Motor by 87.1% during 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. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Ford Motor during the 4th quarter worth about $10,853,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. TD Cowen assumed coverage on shares of Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Royal Bank of Canada dropped 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 note on Thursday, February 6th. StockNews.com cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Wells Fargo & Company dropped their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.77.

Ford Motor Trading Up 1.4 %

NYSE F opened at $10.16 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The firm has a market cap of $40.27 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company has a 50 day moving average price of $9.67 and a 200 day moving average price of $10.10. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.91%. Ford Motor’s dividend payout ratio (DPR) is presently 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.