Public Employees Retirement System of Ohio Sells 429,000 Shares of Ford Motor Company $F

Key Points

• The Public Employees Retirement System of Ohio reduced its Ford Motor Company shares by 20.9%, selling 429,000 shares and leaving them with approximately 1.625 million shares valued at about $17.6 million.
• Ford recently announced a quarterly dividend of $0.15 per share, with a yield of 5.2%, and a payout ratio of 76.92%.
• Ford's stock currently holds a price-to-earnings ratio of 14.89, and analysts expect the company to post 1.47 earnings per share for the current year.

Public Employees Retirement System of Ohio reduced its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625,048 shares of the auto manufacturer's stock after selling 429,000 shares during the period. Public Employees Retirement System of Ohio's holdings in Ford Motor were worth $17,632,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Financial Management Professionals Inc. raised its holdings in Ford Motor by 1,384.6% during the second quarter. Financial Management Professionals Inc. now owns 8,685 shares of the auto manufacturer's stock valued at $94,000 after buying an additional 8,100 shares in the last quarter. Ballentine Partners LLC raised its holdings in Ford Motor by 14.9% during the second quarter. Ballentine Partners LLC now owns 32,709 shares of the auto manufacturer's stock valued at $355,000 after buying an additional 4,242 shares in the last quarter. Legacy Financial Group LLC raised its holdings in Ford Motor by 22.8% during the second quarter. Legacy Financial Group LLC now owns 24,599 shares of the auto manufacturer's stock valued at $267,000 after buying an additional 4,560 shares in the last quarter. Fifth Third Bancorp raised its holdings in Ford Motor by 13.3% during the second quarter. Fifth Third Bancorp now owns 159,519 shares of the auto manufacturer's stock valued at $1,731,000 after buying an additional 18,670 shares in the last quarter. Finally, Gries Financial LLC bought a new position in Ford Motor during the second quarter valued at about $151,000. 58.74% of the stock is currently owned by institutional investors.

Insider Transactions at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Ford Motor Trading Down 0.1%

Shares of F opened at $11.62 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.99. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $46.23 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 3.34 and a beta of 1.52. The stock's 50-day moving average price is $11.47 and its 200 day moving average price is $10.72.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly 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. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, August 11th. Ford Motor's payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

F has been the topic of several recent research reports. Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Barclays lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler lifted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $10.43.

Ford Motor Company Profile

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.