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

Canada Pension Plan Investment Board grew its holdings in shares of Ford Motor (NYSE:FFree Report) by 22.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 721,133 shares of the auto manufacturer’s stock after acquiring an additional 131,711 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $8,956,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Snider Financial Group grew its stake in Ford Motor by 100,345.2% in the first 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 during the period. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 3.1% in the third 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 during the period. Geode Capital Management LLC grew its stake in Ford Motor by 2.2% in the second quarter. Geode Capital Management LLC now owns 72,311,048 shares of the auto manufacturer’s stock worth $1,091,123,000 after purchasing an additional 1,535,572 shares during the period. Fisher Asset Management LLC grew its stake in Ford Motor by 18.5% in the second quarter. Fisher Asset Management LLC now owns 60,733,261 shares of the auto manufacturer’s stock worth $918,894,000 after purchasing an additional 9,481,852 shares during the period. Finally, Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth $419,237,000. 52.73% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Up 2.4 %

Ford Motor stock opened at $12.99 on Tuesday. The stock has a market cap of $51.98 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The stock has a fifty day moving average of $11.77 and a 200 day moving average of $11.67.

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

Ford Motor Dividend Announcement

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

Insiders Place Their Bets

In related news, insider John Douglas Field purchased 182,000 shares of Ford Motor stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $11.05 per share, for a total transaction of $2,011,100.00. Following the completion of the transaction, the insider now directly owns 720,176 shares in the company, valued at approximately $7,957,944.80. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, February 7th. Barclays boosted their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley dropped their target price on Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, October 31st. Finally, BNP Paribas downgraded Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Wednesday, December 13th. One equities research 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. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $13.74.

Read Our Latest Stock Analysis on Ford Motor

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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