Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Position in Ford Motor (NYSE:F)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Ford Motor (NYSE:F) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 829,988 shares of the auto manufacturer’s stock after selling 19,962 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ford Motor were worth $8,217,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in Ford Motor during the fourth quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor during the fourth quarter valued at $30,000. Kentucky Trust Co purchased a new position in Ford Motor during the fourth quarter valued at $31,000. Finally, Crewe Advisors LLC lifted its holdings in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on F. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Bank of America decreased their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Evercore ISI decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.50.

Ford Motor Price Performance

Ford Motor stock opened at $10.05 on Friday. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The stock has a market cap of $39.81 billion, a P/E ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59. The company has a 50-day moving average price of $9.73 and a 200 day moving average price of $10.30. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

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.