New York State Teachers Retirement System Has $35.40 Million Stock Position in Ford Motor (NYSE:F)

New York State Teachers Retirement System reduced its holdings in shares of Ford Motor (NYSE:F) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 owned 0.09% of Ford Motor worth $35,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the fourth quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Ford Motor during the third quarter valued at about $33,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the fourth quarter valued at about $31,000. Access Investment Management LLC bought a new position in shares of Ford Motor during the third quarter valued at about $34,000. Finally, Crewe Advisors LLC lifted its position in shares of Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on F. Barclays lowered 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. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.89.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.48 on Friday. The company has a 50 day moving average of $9.92 and a 200 day moving average of $10.47. The stock has a market cap of $37.66 billion, a P/E ratio of 6.49, a P/E/G ratio of 1.80 and a beta of 1.63. Ford Motor has a 12 month low of $9.10 and a 12 month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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 forecast that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.33%. Ford Motor’s dividend payout ratio is currently 41.10%.

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.