Teacher Retirement System of Texas Sells 382,102 Shares of Ford Motor (NYSE:F)

Teacher Retirement System of Texas reduced its position in Ford Motor (NYSE:F) by 14.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342,737 shares of the auto manufacturer’s stock after selling 382,102 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Ford Motor worth $23,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in F. City Holding Co. raised its holdings in Ford Motor by 10.3% in the second quarter. City Holding Co. now owns 10,726 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 1,000 shares in the last quarter. Searle & CO. raised its holdings in Ford Motor by 1.9% in the second quarter. Searle & CO. now owns 53,100 shares of the auto manufacturer’s stock worth $543,000 after purchasing an additional 1,000 shares in the last quarter. Magnus Financial Group LLC raised its holdings in Ford Motor by 7.4% in the first quarter. Magnus Financial Group LLC now owns 15,102 shares of the auto manufacturer’s stock worth $133,000 after purchasing an additional 1,035 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in Ford Motor by 38.2% in the first quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Financial Advisory Service Inc. raised its holdings in Ford Motor by 5.2% in the second quarter. Financial Advisory Service Inc. now owns 21,616 shares of the auto manufacturer’s stock worth $221,000 after purchasing an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 52.61% of the company’s stock.

A number of equities analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Ford Motor in a report on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 target price for the company. Jefferies Financial Group upgraded shares of Ford Motor to a “buy” rating and boosted their target price for the stock from $11.00 to $12.50 in a report on Tuesday, April 30th. Royal Bank of Canada reiterated a “neutral” rating and issued a $10.50 target price on shares of Ford Motor in a report on Thursday, July 25th. TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c” rating in a report on Friday, July 26th. Finally, Bank of America upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $14.00 in a report on Friday, May 10th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $10.48.

In related news, CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the sale, the chief executive officer now owns 214,575 shares in the company, valued at $2,062,065.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kiersten Robinson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the sale, the insider now owns 51,027 shares in the company, valued at approximately $535,783.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,000 shares of company stock worth $1,137,650. 0.83% of the stock is owned by insiders.

Shares of F traded up $0.01 during mid-day trading on Thursday, hitting $9.05. 244,147 shares of the company traded hands, compared to its average volume of 47,062,472. Ford Motor has a 1-year low of $7.41 and a 1-year high of $10.56. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $36.03 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The business has a 50 day moving average of $9.72 and a 200 day moving average of $9.47.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The firm had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that Ford Motor will post 1.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be given a $0.15 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.63%. Ford Motor’s dividend payout ratio is currently 46.15%.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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