Teacher Retirement System of Texas Buys 310,780 Shares of Ford Motor (NYSE:F)

Teacher Retirement System of Texas increased its holdings in Ford Motor (NYSE:F - Free Report) by 23.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,647,903 shares of the auto manufacturer's stock after buying an additional 310,780 shares during the quarter. Teacher Retirement System of Texas' holdings in Ford Motor were worth $16,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 5.3% during the 4th 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 buying an additional 6,497,321 shares during the period. Geode Capital Management LLC increased its position in Ford Motor by 1.7% during the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer's stock valued at $863,009,000 after acquiring an additional 1,336,676 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ford Motor by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer's stock valued at $257,108,000 after acquiring an additional 636,330 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Ford Motor by 112.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock worth $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Ford Motor by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,799,541 shares of the auto manufacturer's stock worth $87,115,000 after purchasing an additional 113,363 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Barclays downgraded shares of Ford Motor from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Wolfe Research restated an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and lowered their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Ford Motor has a consensus rating of "Hold" and an average price target of $11.50.

Ford Motor Price Performance

F traded up $0.03 during trading on Tuesday, reaching $10.28. 83,616,671 shares of the company traded hands, compared to its average volume of 62,232,448. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The firm has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $10.29. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market cap of $40.74 billion, a P/E ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.59.

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 (EPS) 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%. On average, equities analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.84%. Ford Motor's dividend payout ratio is currently 41.10%.

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.