Louisiana State Employees Retirement System Boosts Position in Ford Motor (F)

Louisiana State Employees Retirement System increased its stake in shares of Ford Motor (NYSE:F) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,300 shares of the auto manufacturer’s stock after purchasing an additional 1,300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ford Motor were worth $1,811,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Ford Motor by 77.3% in the third quarter. Tower Research Capital LLC TRC now owns 21,321 shares of the auto manufacturer’s stock valued at $197,000 after acquiring an additional 9,295 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Ford Motor by 13.1% in the third quarter. Vident Investment Advisory LLC now owns 99,213 shares of the auto manufacturer’s stock valued at $918,000 after acquiring an additional 11,463 shares during the last quarter. Man Group plc lifted its stake in Ford Motor by 855.0% in the third quarter. Man Group plc now owns 203,332 shares of the auto manufacturer’s stock valued at $1,881,000 after acquiring an additional 182,040 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Ford Motor by 9.5% in the third quarter. Macquarie Group Ltd. now owns 1,156,933 shares of the auto manufacturer’s stock valued at $10,701,000 after acquiring an additional 100,800 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its stake in Ford Motor by 40.5% in the third quarter. Laurel Wealth Advisors Inc. now owns 64,742 shares of the auto manufacturer’s stock valued at $598,000 after acquiring an additional 18,662 shares during the last quarter. Institutional investors and hedge funds own 53.24% of the company’s stock.

Shares of NYSE:F opened at $9.36 on Wednesday. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.15. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.20. The firm has a market capitalization of $37.07 billion, a PE ratio of 7.20, a PEG ratio of 0.85 and a beta of 1.04.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $36.83 billion. Ford Motor had a net margin of 2.29% and a return on equity of 14.38%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, sell-side analysts forecast that Ford Motor will post 1.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.60 annualized dividend and a yield of 6.41%. Ford Motor’s dividend payout ratio (DPR) is 46.15%.

A number of analysts have recently weighed in on F shares. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 7th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, January 8th. Barclays set a $9.00 price objective on shares of Ford Motor and gave the stock a “hold” rating in a research note on Friday, January 4th. Finally, Seaport Global Securities started coverage on shares of Ford Motor in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price objective for the company. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.26.

COPYRIGHT VIOLATION WARNING: This news story was reported by PressOracle and is the sole property of of PressOracle. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://pressoracle.com/news/2019/04/17/louisiana-state-employees-retirement-system-boosts-position-in-ford-motor-f.html.

About Ford Motor

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.

Read More: What are trading strategies for the 52-week high/low?

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

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.