California Public Employees Retirement System Sells 558,861 Shares of Ford Motor Company $F

California Public Employees Retirement System lessened its holdings in shares of Ford Motor Company (NYSE:F) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,009,764 shares of the auto manufacturer’s stock after selling 558,861 shares during the quarter. California Public Employees Retirement System’s holdings in Ford Motor were worth $80,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of F. Norges Bank acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $674,437,000. Marshall Wace LLP raised its stake in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the period. AQR Capital Management LLC raised its stake in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after acquiring an additional 9,603,267 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Ford Motor by 458.7% during the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock valued at $103,892,000 after purchasing an additional 7,391,361 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on F shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. TD Cowen reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Barclays raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.79.

Ford Motor Stock Performance

F opened at $14.22 on Monday. The firm has a market cap of $56.68 billion, a P/E ratio of -9.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.82. Ford Motor Company has a 52-week low of $10.68 and a 52-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. The business’s fifty day moving average is $14.30 and its 200-day moving average is $13.40.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) 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.