Ford Motor (NYSE:F) Shares Purchased by TIAA Trust National Association

TIAA Trust National Association increased its position in shares of Ford Motor (NYSE:F) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,595 shares of the auto manufacturer’s stock after acquiring an additional 10,841 shares during the quarter. TIAA Trust National Association’s holdings in Ford Motor were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Newport Trust Company LLC raised its holdings in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after buying an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after buying an additional 269,887 shares during the period. Fisher Asset Management LLC raised its holdings in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares during the period. Norges Bank purchased a new stake in Ford Motor in the 4th quarter valued at about $475,899,000. Finally, Dimensional Fund Advisors LP raised its holdings in Ford Motor by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after buying an additional 528,823 shares during the period. Institutional investors and hedge funds 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 stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Ford Motor Stock Performance

Shares of F traded down $0.57 during mid-day trading on Friday, reaching $13.98. 75,908,553 shares of the company’s stock were exchanged, compared to its average volume of 47,864,536. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The stock has a market capitalization of $55.81 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.62. The business’s fifty day simple moving average is $12.50 and its 200-day simple moving average is $12.38. Ford Motor has a 52-week low of $9.63 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Citigroup increased their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays increased their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. UBS Group increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Sanford C. Bernstein began coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.18.

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.