CIBC Asset Management Inc grew its position in shares of Ford Motor Company (NYSE:F) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,052 shares of the auto manufacturer’s stock after acquiring an additional 8,678 shares during the quarter. CIBC Asset Management Inc’s holdings in Ford Motor were worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of F. Massey Quick & Co. LLC purchased a new position in shares of Ford Motor in the 1st quarter worth about $475,000. OppenheimerFunds Inc. boosted its holdings in shares of Ford Motor by 5.3% in the 1st quarter. OppenheimerFunds Inc. now owns 7,111,142 shares of the auto manufacturer’s stock worth $82,774,000 after buying an additional 356,087 shares during the last quarter. TLP Group LLC boosted its holdings in shares of Ford Motor by 128.4% in the 1st quarter. TLP Group LLC now owns 35,030 shares of the auto manufacturer’s stock worth $408,000 after buying an additional 19,693 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ford Motor by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 5,565,268 shares of the auto manufacturer’s stock worth $64,780,000 after buying an additional 143,226 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Ford Motor by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock worth $881,979,000 after buying an additional 391,692 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
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F has been the topic of a number of research reports. Buckingham Research restated a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Thursday, August 24th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 31st. Royal Bank Of Canada restated a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.80 to $11.60 in a research note on Wednesday, August 9th. Finally, Nomura cut Ford Motor to a “hold” rating in a research note on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and an average target price of $12.63.
In other news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares of the company’s stock, valued at $878,117. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,076 shares of company stock valued at $1,599,180. 1.08% of the stock is owned by insiders.
Shares of Ford Motor Company (NYSE F) opened at $12.02 on Thursday. The stock has a market capitalization of $47,747.07, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. Ford Motor’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. equities analysts expect that Ford Motor Company will post 1.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, October 20th. Ford Motor’s dividend payout ratio is currently 54.55%.
About Ford Motor
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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