California Public Employees Retirement System Sells 558,861 Shares of Ford Motor Company $F

Key Points

• CalPERS reduced its Ford stake by 7.4% in the first quarter, selling 558,861 shares and ending with 7,009,764 shares worth about $80.9 million.
• Ford’s latest quarterly results beat expectations, reporting earnings of $0.66 per share on revenue of $43.25 billion, with revenue up 6.4% year over year.
• Analyst sentiment remains mixed but cautious: Ford has a consensus “Hold” rating and an average target price of $14.79, while recent target-price increases came from several firms including Goldman Sachs and Bank of America.

California Public Employees Retirement System lessened its stake in Ford Motor Company (NYSE:F - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,009,764 shares of the auto manufacturer's stock after selling 558,861 shares during the quarter. California Public Employees Retirement System owned 0.18% of Ford Motor worth $80,893,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer's stock worth $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer's stock worth $560,000 after purchasing an additional 761 shares in the last quarter. CRA Financial Services LLC raised its stake in shares of Ford Motor by 4.4% in the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer's stock valued at $240,000 after purchasing an additional 775 shares during the period. Cyndeo Wealth Partners LLC raised its stake in shares of Ford Motor by 7.2% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer's stock valued at $153,000 after purchasing an additional 784 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Ford Motor by 35.3% in the fourth quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer's stock valued at $40,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, June 11th. BNP Paribas Exane lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Morgan Stanley restated an "equal weight" rating and set a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $14.79.

Ford Motor Trading Down 0.0%

NYSE F opened at $14.22 on Monday. The company has a market cap of $56.68 billion, a PE ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The stock has a 50 day moving average of $14.30 and a 200-day moving average of $13.40.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts' expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm's revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor's dividend payout ratio (DPR) is -38.71%.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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