VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.26 Million in Ford Motor Company $F

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 116,400 shares of the auto manufacturer’s stock, valued at approximately $1,263,000.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor during the 2nd quarter valued at $25,000. Elite Financial Inc. bought a new stake in shares of Ford Motor during the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at about $30,000. Finally, WPG Advisers LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at about $33,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of NYSE F opened at $12.44 on Thursday. The firm has a 50 day moving average of $11.79 and a 200 day moving average of $10.99. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $49.49 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 3.69 and a beta of 1.53. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

Analyst Ratings Changes

A number of research analysts recently issued reports on F shares. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Company lifted their price target on shares of Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, October 3rd. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the company from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $11.11.

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.