California State Teachers Retirement System Purchases 47,523 Shares of Ford Motor (NYSE:F)

California State Teachers Retirement System lifted its position in Ford Motor (NYSE:F) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,413,514 shares of the auto manufacturer’s stock after buying an additional 47,523 shares during the period. California State Teachers Retirement System’s holdings in Ford Motor were worth $85,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in F. Sequoia Financial Advisors LLC raised its holdings in shares of Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the last quarter. Cerity Partners LLC increased its holdings in Ford Motor by 287.4% during the fourth quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after buying an additional 449,604 shares during the last quarter. Wedmont Private Capital increased its holdings in Ford Motor by 33.1% during the first quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock valued at $232,000 after buying an additional 4,255 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in Ford Motor by 18.3% during the first quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after buying an additional 14,750 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in shares of Ford Motor in the fourth quarter worth $2,812,000. Institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Ford Motor Stock Performance

Shares of NYSE:F traded down $0.03 during trading on Wednesday, hitting $10.82. 75,335,243 shares of the stock traded hands, compared to its average volume of 53,985,547. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company has a market cap of $43.18 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a fifty day moving average price of $12.50 and a two-hundred day moving average price of $12.41. Ford Motor has a 52-week low of $9.63 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. As a group, equities analysts predict that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. StockNews.com downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Sanford C. Bernstein began coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $13.79.

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.