New York State Teachers Retirement System Sells 267,140 Shares of Ford Motor (NYSE:F)

New York State Teachers Retirement System decreased its stake in Ford Motor (NYSE:F) by 7.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,575,912 shares of the auto manufacturer’s stock after selling 267,140 shares during the quarter. New York State Teachers Retirement System’s holdings in Ford Motor were worth $35,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in F. Franklin Resources Inc. boosted its stake in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at $55,456,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Ford Motor in the 4th quarter valued at $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Ford Motor by 12.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock valued at $4,511,000 after purchasing an additional 49,844 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Up 1.3 %

Shares of Ford Motor stock opened at $9.48 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 0.98. The company has a 50-day moving average of $9.92 and a 200 day moving average of $10.47. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 1.80 and a beta of 1.63. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend yield of 6.33%. Ford Motor’s payout ratio is 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.