CIBC Asset Management Inc Buys 42,081 Shares of Ford Motor (NYSE:F)

CIBC Asset Management Inc increased its stake in Ford Motor (NYSE:F) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569,629 shares of the auto manufacturer’s stock after acquiring an additional 42,081 shares during the period. CIBC Asset Management Inc’s holdings in Ford Motor were worth $6,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Dimensional Fund Advisors LP raised its position in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after acquiring an additional 318,715 shares during the period. LSV Asset Management grew its holdings in shares of Ford Motor by 1.6% during the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after acquiring an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Ford Motor by 19.7% in the 3rd quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer’s stock worth $106,815,000 after buying an additional 1,663,460 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Wolfe Research assumed coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Price Performance

NYSE F opened at $11.01 on Monday. The business’s fifty day moving average price is $10.79 and its 200-day moving average price is $11.50. The stock has a market capitalization of $43.76 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.00 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the firm earned $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Ford Motor’s dividend payout ratio is currently 68.18%.

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.