BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Ford Motor (NYSE:F) by 26.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 859,407 shares of the auto manufacturer’s stock after selling 303,770 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Ford Motor were worth $7,950,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in Ford Motor by 1,945.1% during the second quarter. Acadian Asset Management LLC now owns 15,747 shares of the auto manufacturer’s stock worth $175,000 after buying an additional 14,977 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Ford Motor by 409.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 19,814 shares of the auto manufacturer’s stock worth $216,000 after buying an additional 15,921 shares during the period. Barings LLC grew its position in Ford Motor by 12.3% during the second quarter. Barings LLC now owns 248,607 shares of the auto manufacturer’s stock worth $2,752,000 after buying an additional 27,132 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $4,536,000. Finally, Sei Investments Co. grew its position in shares of Ford Motor by 39.1% in the second quarter. Sei Investments Co. now owns 427,089 shares of the auto manufacturer’s stock valued at $4,728,000 after purchasing an additional 119,979 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of F opened at $8.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. The company has a market cap of $36.48 billion, a P/E ratio of 4.96, a PEG ratio of 1.28 and a beta of 0.68. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $34.66 billion for the quarter, compared to the consensus estimate of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts predict that Ford Motor will post 1.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Monday, October 22nd. Ford Motor’s payout ratio is 33.71%.
F has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Zacks Investment Research lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to a “sell” rating in a research report on Friday, August 31st. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Finally, ValuEngine upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.27.
In related news, Director Ray T. Charley purchased 4,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were bought at an average price of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven R. Armstrong sold 13,000 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares in the company, valued at approximately $901,787.58. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 303,770 Shares of Ford Motor (F)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/12/08/british-columbia-investment-management-corp-sells-303770-shares-of-ford-motor-f.html.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
Recommended Story: Correction
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.