Ford Motor Company (NYSE:F) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 54.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 751,817 shares of the auto manufacturer's stock after selling 896,086 shares during the quarter. Teacher Retirement System of Texas' holdings in Ford Motor were worth $7,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tounjian Advisory Partners LLC acquired a new stake in Ford Motor during the first quarter worth approximately $974,000. APG Asset Management N.V. acquired a new position in shares of Ford Motor in the 4th quarter valued at $20,408,000. Abundance Wealth Counselors increased its holdings in shares of Ford Motor by 32.6% in the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock valued at $1,594,000 after acquiring an additional 38,794 shares during the period. Inscription Capital LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at $251,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Ford Motor by 7.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,592,082 shares of the auto manufacturer's stock valued at $15,969,000 after acquiring an additional 108,007 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Trading Down 1.8%

Shares of NYSE F traded down $0.21 on Monday, reaching $11.60. 73,776,277 shares of the company traded hands, compared to its average volume of 82,908,540. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The company has a 50 day moving average of $10.53 and a 200 day moving average of $10.01. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $46.13 billion, a PE ratio of 9.28, a P/E/G ratio of 1.01 and a beta of 1.49.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The company's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date was Monday, May 12th. Ford Motor's payout ratio is currently 48.00%.

Analysts Set New Price Targets

F has been the topic of a number of recent research reports. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays lifted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and an average price target of $10.03.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company's stock.

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.