Louisiana State Employees Retirement System Purchases New Position in Ford Motor Company $F

Louisiana State Employees Retirement System purchased a new stake in shares of Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 199,700 shares of the auto manufacturer’s stock, valued at approximately $2,305,000.

Several other large investors also recently bought and sold shares of the business. Caxton Associates LLP bought a new stake in shares of Ford Motor in the first quarter worth approximately $304,000. Empowered Funds LLC lifted its position in shares of Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new position in shares of Ford Motor in the second quarter worth approximately $172,000. NewEdge Advisors LLC boosted its holdings in Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after acquiring an additional 26,526 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on F. The Goldman Sachs Group boosted their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group boosted their target price on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.70.

Ford Motor Stock Performance

NYSE:F opened at $14.04 on Tuesday. The firm has a market capitalization of $55.95 billion, a PE ratio of -9.06, a PEG ratio of 0.31 and a beta of 1.79. The stock’s fifty day moving average is $13.91 and its 200 day moving average is $13.37. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. Ford Motor’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently -38.71%.

About Ford Motor

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.