Kentucky Retirement Systems Insurance Trust Fund Buys 24,085 Shares of Ford Motor (NYSE:F)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Ford Motor (NYSE:F) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,684 shares of the auto manufacturer’s stock after buying an additional 24,085 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ford Motor were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the period. Principal Financial Group Inc. boosted its position in Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Ford Motor during the third quarter worth about $55,456,000. CHURCHILL MANAGEMENT Corp bought a new position in Ford Motor during the fourth quarter worth about $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ford Motor by 12.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock worth $4,511,000 after purchasing an additional 49,844 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

F has been the subject of a number of research reports. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.89.

Ford Motor Trading Down 2.0 %

Shares of F opened at $9.30 on Wednesday. The company has a market capitalization of $36.94 billion, a P/E ratio of 6.37, a P/E/G ratio of 1.80 and a beta of 1.63. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The firm’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $10.45. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate 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 forecast that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.46%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) 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.