Texas Permanent School Fund Corp Has $2.98 Million Stock Position in Ford Motor Company $F

Texas Permanent School Fund Corp cut its stake in Ford Motor Company (NYSE:F) by 34.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,546 shares of the auto manufacturer’s stock after selling 147,507 shares during the period. Texas Permanent School Fund Corp’s holdings in Ford Motor were worth $2,979,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of F. NWF Advisory Services Inc. raised its stake in Ford Motor by 63.9% during the second quarter. NWF Advisory Services Inc. now owns 29,754 shares of the auto manufacturer’s stock worth $323,000 after acquiring an additional 11,601 shares in the last quarter. American Trust bought a new stake in shares of Ford Motor in the 2nd quarter worth about $122,000. Total Investment Management Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $41,000. Centaurus Financial Inc. lifted its holdings in Ford Motor by 27.0% during the 2nd quarter. Centaurus Financial Inc. now owns 90,796 shares of the auto manufacturer’s stock valued at $985,000 after purchasing an additional 19,325 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new position in Ford Motor in the second quarter valued at about $775,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 1.1%

NYSE:F opened at $13.47 on Friday. The company has a market cap of $53.65 billion, a price-to-earnings ratio of 11.61 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock’s fifty day moving average price is $12.97 and its two-hundred day moving average price is $11.92. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $13.99.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s payout ratio is currently 51.72%.

Analysts Set New Price Targets

Several analysts have recently weighed in on F shares. Royal Bank Of Canada raised their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. The Goldman Sachs Group raised their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $9.00 to $12.00 in a research report on Monday, October 6th. Barclays boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Finally, UBS Group raised their target price on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.04.

Ford Motor 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.