Canada Post Corp Registered Pension Plan Sells 40,000 Shares of Ford Motor Company $F

Canada Post Corp Registered Pension Plan cut its stake in Ford Motor Company (NYSE:F) by 62.8% in the third quarter, HoldingsChannel.com reports. The fund owned 23,650 shares of the auto manufacturer’s stock after selling 40,000 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Ford Motor were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in F. MMA Asset Management LLC purchased a new stake in Ford Motor in the third quarter worth approximately $376,000. MONECO Advisors LLC lifted its holdings in shares of Ford Motor by 11.7% during the 3rd quarter. MONECO Advisors LLC now owns 53,189 shares of the auto manufacturer’s stock valued at $636,000 after buying an additional 5,557 shares during the period. Waterloo Capital L.P. boosted its stake in shares of Ford Motor by 14.8% in the 3rd quarter. Waterloo Capital L.P. now owns 19,745 shares of the auto manufacturer’s stock worth $236,000 after buying an additional 2,545 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Ford Motor by 11.5% in the third quarter. Portside Wealth Group LLC now owns 14,218 shares of the auto manufacturer’s stock worth $170,000 after acquiring an additional 1,461 shares during the period. Finally, HighPoint Advisor Group LLC increased its position in Ford Motor by 2.1% during the third quarter. HighPoint Advisor Group LLC now owns 158,005 shares of the auto manufacturer’s stock valued at $1,890,000 after acquiring an additional 3,216 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on F. Citigroup raised their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, October 27th. UBS Group raised their price objective on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and upped their target price for the company from $11.00 to $16.00 in a report on Thursday, January 8th. Morgan Stanley increased their price target 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. Finally, Barclays boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.02.

Ford Motor Stock Performance

Shares of NYSE F opened at $13.81 on Monday. The stock has a market cap of $55.03 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 5.83 and a beta of 1.66. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $14.50. The firm has a fifty day moving average price of $13.55 and a 200-day moving average price of $12.59. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s dividend payout ratio is presently 51.72%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.