Cim Investment Management Inc. Has $1.59 Million Position in Ford Motor Company $F

Cim Investment Management Inc. raised its stake in shares of Ford Motor Company (NYSE:F) by 99.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,396 shares of the auto manufacturer’s stock after purchasing an additional 76,561 shares during the period. Cim Investment Management Inc.’s holdings in Ford Motor were worth $1,591,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Ford Motor in the 2nd quarter valued at $405,328,000. Marshall Wace LLP boosted its holdings in Ford Motor by 712.7% during the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock valued at $212,361,000 after acquiring an additional 17,164,234 shares during the period. Geode Capital Management LLC boosted its holdings in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares during the period. Bank of New York Mellon Corp grew its position in shares of Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after purchasing an additional 7,238,424 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.9%

Shares of F stock opened at $13.75 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $13.97. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The stock has a fifty day moving average price of $12.81 and a 200 day moving average price of $11.82. The stock has a market cap of $54.79 billion, a P/E ratio of 11.85 and a beta of 1.60.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on F shares. Piper Sandler increased their target price on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the company from $9.00 to $12.00 in a research report on Monday, October 6th. Morgan Stanley boosted their target price on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Evercore ISI increased their price target on shares of Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Finally, The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Company 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.