Public Employees Retirement Association of Colorado Sells 24,714 Shares of Ford Motor (NYSE:F)

Public Employees Retirement Association of Colorado lessened its position in Ford Motor (NYSE:F) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 560,109 shares of the auto manufacturer’s stock after selling 24,714 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Ford Motor were worth $7,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after acquiring an additional 59,082 shares during the period. BOKF NA raised its stake in Ford Motor by 15.6% during the 1st quarter. BOKF NA now owns 150,878 shares of the auto manufacturer’s stock valued at $2,005,000 after purchasing an additional 20,375 shares during the last quarter. LRI Investments LLC bought a new stake in Ford Motor in the 1st quarter valued at $63,000. Quadrature Capital Ltd grew its position in Ford Motor by 25.1% in the 1st quarter. Quadrature Capital Ltd now owns 3,447,904 shares of the auto manufacturer’s stock worth $45,771,000 after purchasing an additional 690,879 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC bought a new position in shares of Ford Motor during the 1st quarter worth about $1,708,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 1.6 %

Shares of F opened at $11.02 on Tuesday. The company has a market capitalization of $43.98 billion, a P/E ratio of 11.36, a PEG ratio of 0.77 and a beta of 1.62. Ford Motor has a one year low of $9.63 and a one year high of $14.85. The business’s 50 day simple moving average is $12.52 and its 200-day simple moving average is $12.41. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period in the prior year, the firm posted $0.72 EPS. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor will post 1.98 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on F. StockNews.com lowered Ford Motor from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Barclays reduced their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group decreased their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $13.79.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.80% of the company’s stock.

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.