Kentucky Retirement Systems Insurance Trust Fund Has $1.15 Million Stock Holdings in Ford Motor Company (NYSE:F)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in Ford Motor Company (NYSE:F - Free Report) by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,185 shares of the auto manufacturer's stock after selling 25,499 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Ford Motor were worth $1,145,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after acquiring an additional 57,182,803 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Ford Motor in the 4th quarter worth about $387,282,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of NYSE F traded down $0.23 during mid-day trading on Wednesday, reaching $10.50. 91,833,936 shares of the company traded hands, compared to its average volume of 81,153,717. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a market cap of $41.75 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. The stock has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $9.96. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's payout ratio is 48.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on F shares. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Citigroup upped their target price on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.03.

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.