California State Teachers Retirement System Acquires 78,442,394 Shares of Ford Motor Company $F

Key Points

• California State Teachers Retirement System increased its Ford Motor holdings by 78.4 million shares, or 1,439.1%, to 83.9 million shares valued at approximately $1.17 billion. Institutional investors collectively own 58.74% of Ford.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.68; eight analysts recommend buying, 10 recommend holding, and one recommends selling.
• Ford reported quarterly EPS of $0.42, exceeding estimates of $0.33, while revenue reached $48.30 billion. The company also maintained its quarterly dividend at $0.15 per share, representing a 4.3% annualized yield.

California State Teachers Retirement System raised its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 1,439.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,893,103 shares of the auto manufacturer's stock after buying an additional 78,442,394 shares during the quarter. California State Teachers Retirement System owned about 2.10% of Ford Motor worth $1,166,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in shares of Ford Motor during the fourth quarter worth about $25,000. McMillan Office Inc. bought a new stake in Ford Motor during the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID grew its stake in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after buying an additional 837 shares in the last quarter. Finally, Caldwell Trust Co increased its holdings in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after buying an additional 2,175 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on F. Wall Street Zen lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their price target on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. UBS Group upped their price objective on Ford Motor from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Wells Fargo & Company increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Thursday, June 25th. Finally, Bank of America raised their price objective on Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.68.

Ford Motor Trading Up 0.7%

NYSE F opened at $13.97 on Friday. The firm has a market cap of $55.72 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The stock has a 50-day moving average of $14.14 and a 200-day moving average of $13.53. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. As a group, sell-side analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's dividend payout ratio is -32.09%.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.