New York State Teachers Retirement System Sells 259,719 Shares of Ford Motor Company (NYSE:F)

New York State Teachers Retirement System decreased its position in shares of Ford Motor Company (NYSE:F - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,316,193 shares of the auto manufacturer's stock after selling 259,719 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Ford Motor worth $33,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Flagship Wealth Advisors LLC purchased a new position in Ford Motor in the fourth quarter worth $30,000. Spurstone Advisory Services LLC bought a new position in Ford Motor during the fourth quarter valued at about $31,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $31,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of Ford Motor in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Stock Up 0.7%

Shares of NYSE:F traded up $0.09 during trading on Thursday, hitting $11.86. The stock had a trading volume of 41,388,248 shares, compared to its average volume of 82,450,466. The company has a market capitalization of $47.14 billion, a PE ratio of 9.49, a PEG ratio of 0.97 and a beta of 1.49. The firm's fifty day moving average is $10.46 and its 200 day moving average is $9.98. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.85. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share 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 business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared 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 5.06%. The ex-dividend date was Monday, May 12th. Ford Motor's payout ratio is 48.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on F shares. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of "Hold" and an average price target of $10.03.

About Ford Motor

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.