Virginia Retirement Systems ET AL Sells 183,100 Shares of Ford Motor (F)

Virginia Retirement Systems ET AL cut its holdings in Ford Motor (NYSE:F) by 20.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 708,300 shares of the auto manufacturer’s stock after selling 183,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Ford Motor were worth $6,552,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Advisors of Tampa Bay LLC increased its stake in shares of Ford Motor by 1.3% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 376,325 shares of the auto manufacturer’s stock valued at $4,182,000 after acquiring an additional 4,766 shares during the last quarter. First Command Bank increased its stake in shares of Ford Motor by 83.9% during the 2nd quarter. First Command Bank now owns 11,438 shares of the auto manufacturer’s stock valued at $127,000 after acquiring an additional 5,219 shares during the last quarter. First Command Financial Services Inc. increased its stake in shares of Ford Motor by 83.9% during the 2nd quarter. First Command Financial Services Inc. now owns 11,438 shares of the auto manufacturer’s stock valued at $127,000 after acquiring an additional 5,219 shares during the last quarter. WealthTrust Axiom LLC increased its stake in shares of Ford Motor by 5.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 110,300 shares of the auto manufacturer’s stock valued at $1,221,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in shares of Ford Motor by 12.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 46,639 shares of the auto manufacturer’s stock valued at $516,000 after acquiring an additional 5,338 shares during the last quarter. Institutional investors and hedge funds own 54.14% of the company’s stock.

F opened at $9.38 on Friday. The company has a market cap of $38.14 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same quarter in the prior year, the company earned $0.43 EPS. On average, analysts expect that Ford Motor will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Monday, October 22nd. Ford Motor’s dividend payout ratio (DPR) is presently 33.71%.

In other news, Director Ray T. Charley acquired 4,000 shares of the stock in a transaction on Monday, October 29th. The stock was bought at an average price of $12.90 per share, with a total value of $51,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven R. Armstrong sold 13,000 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on F shares. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Ford Motor in a research note on Tuesday, July 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $11.50 price objective on shares of Ford Motor in a research note on Thursday, July 26th. UBS Group dropped their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Finally, Buckingham Research dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.27.

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Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including 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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