Ford Motor Company $F Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 28.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 693,810 shares of the auto manufacturer’s stock after selling 270,361 shares during the period. Cibc World Market Inc.’s holdings in Ford Motor were worth $9,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. purchased a new position in Ford Motor during the 4th quarter worth approximately $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor in the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID increased its stake in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares in the last quarter. Finally, Caldwell Trust Co raised its holdings in shares of Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 3.4%

F stock opened at $13.93 on Tuesday. The business’s 50-day simple moving average is $14.10 and its 200 day simple moving average is $13.51. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The company has a market cap of $55.53 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. On average, research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Analyst Ratings Changes

F has been the topic of a number of recent research reports. Piper Sandler boosted their target price on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group boosted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. TD Cowen lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research report on Friday, July 31st. Finally, Bank of America increased their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.68.

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.