Virginia Retirement Systems ET AL Buys 8,500 Shares of Ford Motor (NYSE:F)

Virginia Retirement Systems ET AL increased its stake in shares of Ford Motor (NYSE:F) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 497,600 shares of the auto manufacturer’s stock after purchasing an additional 8,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Ford Motor were worth $5,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of F. Geode Capital Management LLC grew its position in Ford Motor by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after acquiring an additional 3,950,938 shares during the last quarter. SG Americas Securities LLC grew its position in Ford Motor by 147.8% during the 1st quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock worth $10,206,000 after acquiring an additional 3,593,791 shares during the last quarter. Bluestein R H & Co. grew its position in Ford Motor by 259.2% during the 1st quarter. Bluestein R H & Co. now owns 2,329,166 shares of the auto manufacturer’s stock worth $20,450,000 after acquiring an additional 1,680,793 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Ford Motor by 32.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,072,509 shares of the auto manufacturer’s stock worth $62,121,000 after acquiring an additional 1,497,208 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Ford Motor by 12.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 11,237,829 shares of the auto manufacturer’s stock worth $98,668,000 after acquiring an additional 1,232,732 shares during the last quarter. Institutional investors and hedge funds own 52.36% of the company’s stock.

Several equities analysts recently issued reports on F shares. Goldman Sachs Group set a $13.00 price target on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group upgraded Ford Motor to a “buy” rating and lifted their price objective for the stock from $11.00 to $12.50 in a research report on Tuesday, April 30th. Morgan Stanley upgraded Ford Motor from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $10.00 to $12.00 in a research report on Tuesday. Credit Suisse Group initiated coverage on Ford Motor in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. Finally, ValuEngine lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.48.

In related news, Chairman William Clay Ford, Jr. acquired 840,962 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the completion of the purchase, the chairman now owns 1,100,617 shares of the company’s stock, valued at $10,466,867.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kiersten Robinson sold 15,000 shares of Ford Motor stock in a transaction on Monday, July 15th. The shares were sold at an average price of $10.50, for a total value of $157,500.00. Following the transaction, the insider now owns 51,027 shares of the company’s stock, valued at approximately $535,783.50. The disclosure for this sale can be found here. In the last 90 days, insiders bought 861,162 shares of company stock valued at $8,193,611 and sold 115,000 shares valued at $1,137,650. Company insiders own 0.83% of the company’s stock.

Shares of F traded down $0.10 on Friday, reaching $9.47. The stock had a trading volume of 18,322,937 shares, compared to its average volume of 46,671,816. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.13. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. The company’s 50-day moving average price is $9.96. Ford Motor has a 12-month low of $7.41 and a 12-month high of $10.56.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The company had revenue of $35.91 billion during the quarter, compared to analysts’ expectations of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Ford Motor will post 1.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date is Monday, July 22nd. Ford Motor’s payout ratio is presently 46.15%.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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