Ford Motor (NYSE:F) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Ford Motor (NYSE:F) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,843,052 shares of the auto manufacturer’s stock after selling 106,352 shares during the period. New York State Teachers Retirement System’s holdings in Ford Motor were worth $40,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in F. Assenagon Asset Management S.A. boosted its position in shares of Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Ford Motor by 456.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after buying an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Ford Motor by 103.6% during the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after buying an additional 2,497,695 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Ford Motor by 1,215.6% during the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.5 %

Shares of F opened at $10.47 on Thursday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The stock has a fifty day moving average of $10.83 and a two-hundred day moving average of $11.64. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The company has a market capitalization of $41.78 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.73%. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

F has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.41.

Ford Motor 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.