Canada Pension Plan Investment Board Buys 131,711 Shares of Ford Motor (NYSE:F)

Canada Pension Plan Investment Board lifted its position in Ford Motor (NYSE:FFree Report) by 22.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,133 shares of the auto manufacturer’s stock after acquiring an additional 131,711 shares during the period. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $8,956,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Snider Financial Group increased its stake in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after purchasing an additional 2,657,650 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ford Motor by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 72,311,048 shares of the auto manufacturer’s stock worth $1,091,123,000 after acquiring an additional 1,535,572 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Ford Motor by 18.5% during the 2nd quarter. Fisher Asset Management LLC now owns 60,733,261 shares of the auto manufacturer’s stock worth $918,894,000 after acquiring an additional 9,481,852 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ford Motor during the 4th quarter worth approximately $419,237,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ford Motor news, insider John Douglas Field bought 182,000 shares of the stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $11.05 per share, with a total value of $2,011,100.00. Following the completion of the purchase, the insider now owns 720,176 shares in the company, valued at $7,957,944.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Ford Motor Trading Up 2.4 %

Shares of Ford Motor stock opened at $12.99 on Tuesday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The firm has a 50-day moving average of $11.77 and a 200-day moving average of $11.67. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a market cap of $51.98 billion, a PE ratio of 12.02, a PEG ratio of 1.02 and a beta of 1.62.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 16th will be paid a dividend of $0.33 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend is Thursday, February 15th. Ford Motor’s payout ratio is 55.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on F. BNP Paribas cut shares of Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price target for the company. in a research note on Wednesday, December 13th. HSBC initiated coverage on shares of Ford Motor in a research note on Monday, December 4th. They issued a “hold” rating and a $11.30 target price for the company. Citigroup raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Finally, Barclays raised their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.74.

View Our Latest Stock Report on F

Ford Motor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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