New York State Teachers Retirement System Lowers Stock Position in Ford Motor (NYSE:F)

Posted by Defense World Staff on Apr 10th, 2023

Ford Motor logo New York State Teachers Retirement System decreased its holdings in Ford Motor (NYSE:F – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,917,408 shares of the auto manufacturer’s stock after selling 113,132 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Ford Motor worth $57,189,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Snider Financial Group increased its position in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares during the period. Fisher Asset Management LLC lifted its holdings in Ford Motor by 43,624.1% in the third quarter. Fisher Asset Management LLC now owns 44,970,209 shares of the auto manufacturer’s stock valued at $503,666,000 after acquiring an additional 44,867,359 shares during the period. SG Americas Securities LLC boosted its position in shares of Ford Motor by 340.0% during the 3rd quarter. SG Americas Securities LLC now owns 6,148,550 shares of the auto manufacturer’s stock worth $68,864,000 after purchasing an additional 4,751,190 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Ford Motor by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 332,380,925 shares of the auto manufacturer’s stock worth $3,722,666,000 after purchasing an additional 4,518,888 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Ford Motor by 61.2% in the 1st quarter. Prudential Financial Inc. now owns 8,968,152 shares of the auto manufacturer’s stock valued at $151,652,000 after purchasing an additional 3,404,530 shares in the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, insider Ashwani Kumar Galhotra sold 24,850 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $13.01, for a total value of $323,298.50. Following the transaction, the insider now owns 511,605 shares in the company, valued at $6,655,981.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ford Motor news, insider Ashwani Kumar Galhotra sold 24,850 shares of Ford Motor stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $13.01, for a total value of $323,298.50. Following the completion of the sale, the insider now directly owns 511,605 shares in the company, valued at $6,655,981.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Lawler sold 29,821 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $13.07, for a total transaction of $389,760.47. Following the transaction, the chief financial officer now owns 443,683 shares in the company, valued at approximately $5,798,936.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,592 shares of company stock worth $1,740,843. 0.80% of the stock is currently owned by company insiders.

Ford Motor Stock Performance

Ford Motor stock opened at $12.33 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 2.06. Ford Motor has a 12 month low of $10.61 and a 12 month high of $16.68. The company has a fifty day moving average price of $12.48 and a two-hundred day moving average price of $12.64.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The auto manufacturer reported $0.51 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.09). The business had revenue of $41.80 billion during the quarter, compared to analyst estimates of $40.73 billion. Ford Motor had a negative net margin of 1.25% and a positive return on equity of 17.45%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that Ford Motor will post 1.5 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, April 26th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.87%. The ex-dividend date is Tuesday, April 25th. Ford Motor’s dividend payout ratio is currently -117.65%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on F. Tudor, Pickering, Holt & Co. cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th. Benchmark reduced their price objective on Ford Motor from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, February 3rd. StockNews.com started coverage on Ford Motor in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded Ford Motor from a “hold” rating to a “sell” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Friday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.22.

Ford Motor Profile

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, and Ford Pro, Ford Next, and Ford Credit. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.