New York State Teachers Retirement System Sells 293,527 Shares of Ford Motor Company $F

New York State Teachers Retirement System trimmed its holdings in Ford Motor Company (NYSE:F) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,275,483 shares of the auto manufacturer’s stock after selling 293,527 shares during the period. New York State Teachers Retirement System owned 0.08% of Ford Motor worth $37,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust raised its stake in Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. bought a new position in Ford Motor during the fourth quarter worth $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor in the fourth quarter valued at $26,000. Olistico Wealth LLC bought a new position in shares of Ford Motor in the fourth quarter valued at about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Ford Motor during the 4th quarter worth about $29,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $13.35 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of -8.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a twelve month low of $10.68 and a twelve month high of $17.78. The company has a 50-day simple moving average of $13.97 and a two-hundred day simple moving average of $13.37.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on F shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Wells Fargo & Company upped their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. UBS Group lifted their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, TD Cowen reduced their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.70.

Ford Motor Company 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.