Ford Motor Company $F Stake Raised by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in Ford Motor Company (NYSE:F) by 69.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 920,805 shares of the auto manufacturer’s stock after acquiring an additional 378,666 shares during the period. CIBC Asset Management Inc’s holdings in Ford Motor were worth $12,081,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Ford Motor in the 4th quarter worth about $674,437,000. DLD Asset Management LP acquired a new position in Ford Motor in the 3rd quarter worth about $299,000,000. Marshall Wace LLP increased its position in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after purchasing an additional 15,866,285 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after purchasing an additional 8,086,564 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 190.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock worth $131,641,000 after purchasing an additional 7,220,686 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on F. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Wells Fargo & Company dropped their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Citigroup increased their price objective on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.20.

Ford Motor Price Performance

Shares of F stock opened at $14.91 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $59.39 billion, a P/E ratio of -9.62, a P/E/G ratio of 0.33 and a beta of 1.79. Ford Motor Company has a 12 month low of $10.15 and a 12 month high of $17.78. The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $13.22.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.Ford Motor’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. As a group, equities analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

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.