California Public Employees Retirement System Buys 539,151 Shares of Ford Motor Company $F

California Public Employees Retirement System increased its stake in shares of Ford Motor Company (NYSE:F) by 8.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,878,076 shares of the auto manufacturer’s stock after purchasing an additional 539,151 shares during the period. California Public Employees Retirement System owned 0.17% of Ford Motor worth $82,262,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Corsicana & Co. purchased a new stake in shares of Ford Motor in the third quarter worth about $25,000. Country Trust Bank bought a new position in shares of Ford Motor in the second quarter valued at approximately $27,000. Capital A Wealth Management LLC grew its stake in Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in Ford Motor by 86.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after acquiring an additional 1,083 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of several analyst reports. Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. HSBC upped their price target on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “sell” rating in a research report on Saturday, February 14th. Barclays lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Bank of America assumed coverage on Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.29.

Ford Motor Price Performance

F stock opened at $11.72 on Tuesday. The firm has a 50 day simple moving average of $13.53 and a two-hundred day simple moving average of $12.94. The stock has a market cap of $46.74 billion, a PE ratio of -5.69, a P/E/G ratio of 0.27 and a beta of 1.65. Ford Motor Company has a one year low of $8.44 and a one year high of $14.80. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. During the same quarter last year, the company posted $0.39 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.

Insiders Place Their Bets

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. This trade represents a 3.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by insiders.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.