Teacher Retirement System of Texas Purchases 310,780 Shares of Ford Motor (NYSE:F)

Teacher Retirement System of Texas boosted its position in Ford Motor (NYSE:F) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,647,903 shares of the auto manufacturer’s stock after purchasing an additional 310,780 shares during the period. Teacher Retirement System of Texas’ holdings in Ford Motor were worth $16,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC lifted its stake in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Barclays cut 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 note on Wednesday, January 22nd. Royal Bank of Canada dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.05 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The company’s fifty day moving average price is $9.73 and its 200-day moving average price is $10.30. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is presently 41.10%.

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.