TIAA Trust National Association Acquires 23,207 Shares of Ford Motor (NYSE:F)

TIAA Trust National Association raised its stake in Ford Motor (NYSE:F) by 27.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,802 shares of the auto manufacturer’s stock after buying an additional 23,207 shares during the quarter. TIAA Trust National Association’s holdings in Ford Motor were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Verus Capital Partners LLC lifted its position in Ford Motor by 58.0% in the 2nd quarter. Verus Capital Partners LLC now owns 28,722 shares of the auto manufacturer’s stock valued at $360,000 after acquiring an additional 10,539 shares in the last quarter. Convergence Investment Partners LLC boosted its position in shares of Ford Motor by 138.7% during the second quarter. Convergence Investment Partners LLC now owns 98,017 shares of the auto manufacturer’s stock worth $1,229,000 after buying an additional 56,961 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of Ford Motor by 8.9% during the second quarter. Resonant Capital Advisors LLC now owns 14,241 shares of the auto manufacturer’s stock worth $179,000 after buying an additional 1,168 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Ford Motor by 533.2% during the second quarter. Crestwood Advisors Group LLC now owns 77,869 shares of the auto manufacturer’s stock worth $976,000 after buying an additional 65,572 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Ford Motor in the 2nd quarter valued at approximately $848,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.3 %

F opened at $10.95 on Thursday. The stock’s fifty day simple moving average is $11.77 and its 200 day simple moving average is $12.17. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The stock has a market cap of $43.72 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, research analysts expect that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on F shares. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group decreased their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Sanford C. Bernstein assumed coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.48.

Ford Motor Profile

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.