Canada Pension Plan Investment Board Raises Stake in Ford Motor (NYSE:F)

Canada Pension Plan Investment Board lifted its position in shares of Ford Motor (NYSE:F) by 4.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,372,643 shares of the auto manufacturer’s stock after purchasing an additional 53,831 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $17,213,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Ford Motor by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after acquiring an additional 59,082 shares in the last quarter. Wedmont Private Capital lifted its position in Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after acquiring an additional 4,255 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Ford Motor by 18.3% in the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after purchasing an additional 14,750 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Ford Motor in the 4th quarter valued at approximately $2,812,000. Finally, Park Avenue Securities LLC raised its position in shares of Ford Motor by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock valued at $2,071,000 after purchasing an additional 13,597 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

F has been the topic of a number of recent analyst reports. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group cut their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.95.

Ford Motor Price Performance

Shares of F opened at $10.88 on Monday. The company has a market cap of $43.44 billion, a P/E ratio of 11.22, a PEG ratio of 0.76 and a beta of 1.62. The stock has a fifty day moving average price of $11.23 and a 200 day moving average price of $12.03. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.51%. Ford Motor’s payout ratio is currently 61.86%.

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.