New York State Teachers Retirement System lowered its stake in Ford Motor (NYSE:F - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,575,912 shares of the auto manufacturer's stock after selling 267,140 shares during the period. New York State Teachers Retirement System owned 0.09% of Ford Motor worth $35,402,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the 4th quarter worth $26,000. Kentucky Trust Co purchased a new stake in Ford Motor in the fourth quarter worth about $31,000. Reston Wealth Management LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at about $33,000. Crewe Advisors LLC lifted its holdings in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 58.74% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on F. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their target price on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Evercore ISI reduced their target price on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Finally, BNP Paribas raised shares of Ford Motor to a "hold" rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $11.89.
View Our Latest Analysis on F
Ford Motor Stock Up 0.6 %
Shares of NYSE:F traded up $0.06 during trading hours on Wednesday, reaching $9.35. The stock had a trading volume of 48,452,144 shares, compared to its average volume of 76,541,508. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 6.40, a P/E/G ratio of 0.61 and a beta of 1.63. The firm's 50 day moving average is $9.88 and its 200-day moving average is $10.45. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.42%. Ford Motor's dividend payout ratio is currently 41.10%.
Ford Motor Company Profile
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Free Report)
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.
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