California State Teachers Retirement System increased its position in shares of Ford Motor (NYSE:F) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,202,259 shares of the auto manufacturer’s stock after buying an additional 204,519 shares during the period. California State Teachers Retirement System owned about 0.18% of Ford Motor worth $89,956,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. increased its stake in Ford Motor by 1.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 3,748,158 shares of the auto manufacturer’s stock valued at $44,865,000 after purchasing an additional 64,036 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Ford Motor by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 529,540 shares of the auto manufacturer’s stock valued at $6,615,000 after purchasing an additional 7,253 shares during the last quarter. Telemus Capital LLC purchased a new position in Ford Motor in the fourth quarter valued at approximately $1,257,000. CIBC Asset Management Inc increased its stake in Ford Motor by 2.4% in the third quarter. CIBC Asset Management Inc now owns 374,052 shares of the auto manufacturer’s stock valued at $4,477,000 after purchasing an additional 8,678 shares during the last quarter. Finally, KBC Group NV increased its stake in Ford Motor by 10.2% in the third quarter. KBC Group NV now owns 1,821,166 shares of the auto manufacturer’s stock valued at $21,799,000 after purchasing an additional 168,659 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.
Ford Motor (NYSE:F) opened at $10.81 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. The stock has a market cap of $42,950.00, a P/E ratio of 6.01, a PEG ratio of 0.65 and a beta of 1.12. Ford Motor has a 1 year low of $10.14 and a 1 year high of $13.48.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, January 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.55%. The ex-dividend date was Monday, January 29th. Ford Motor’s dividend payout ratio is presently 33.33%.
In related news, insider Ashwani Kumar Galhotra sold 31,415 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $10.34, for a total transaction of $324,831.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $10.28 per share, with a total value of $51,400.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at $308,400. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 503,675 shares of company stock valued at $5,246,794. Corporate insiders own 1.08% of the company’s stock.
Several equities analysts have commented on F shares. Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Cascend Securities lowered shares of Ford Motor to a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.44.
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Ford Motor Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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