Virginia Retirement Systems ET AL Sells 183,100 Shares of Ford Motor (F)

Virginia Retirement Systems ET AL lowered its position in Ford Motor (NYSE:F) by 20.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,300 shares of the auto manufacturer’s stock after selling 183,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Ford Motor were worth $6,552,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Ford Motor during the 2nd quarter worth approximately $101,000. Credit Agricole S A lifted its position in shares of Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after buying an additional 5,400 shares during the last quarter. Kaizen Advisory LLC lifted its position in shares of Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after buying an additional 5,931 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Ford Motor during the 2nd quarter worth approximately $113,000. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Ford Motor during the 2nd quarter worth approximately $112,000. Institutional investors own 54.14% of the company’s stock.

Shares of F opened at $9.38 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 1.35 and a beta of 0.68. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same period in the previous year, the company posted $0.43 EPS. As a group, equities research analysts expect that Ford Motor will post 1.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.60 annualized dividend and a yield of 6.40%. Ford Motor’s dividend payout ratio is currently 33.71%.

In other Ford Motor news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of $12.90 per share, for a total transaction of $51,600.00. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.

A number of equities analysts have recently commented on F shares. Citigroup cut their target price on shares of Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a report on Monday, September 10th. Berenberg Bank set a $6.00 target price on shares of Ford Motor and gave the company a “sell” rating in a report on Friday. Guggenheim reaffirmed a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a report on Friday, July 27th. Buckingham Research cut their target price on shares of Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.27.

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Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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