CIBC Private Wealth Group LLC Sells 9,424 Shares of Ford Motor (NYSE:F)

CIBC Private Wealth Group LLC reduced its stake in shares of Ford Motor (NYSE:F) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,439 shares of the auto manufacturer’s stock after selling 9,424 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ford Motor were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RWA Wealth Partners LLC increased its holdings in Ford Motor by 9.6% during the 4th quarter. RWA Wealth Partners LLC now owns 219,712 shares of the auto manufacturer’s stock worth $2,175,000 after purchasing an additional 19,179 shares during the period. American Money Management LLC purchased a new position in Ford Motor during the 4th quarter valued at about $133,000. Allianz SE bought a new stake in shares of Ford Motor in the 4th quarter valued at about $963,000. OneAscent Wealth Management LLC lifted its position in shares of Ford Motor by 16.4% in the 4th quarter. OneAscent Wealth Management LLC now owns 30,266 shares of the auto manufacturer’s stock worth $300,000 after purchasing an additional 4,267 shares during the period. Finally, Allstate Corp bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $1,150,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE F opened at $9.58 on Friday. The company has a market cap of $37.95 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock’s fifty day moving average price is $9.72 and its 200 day moving average price is $10.25. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Evercore ISI decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Piper Sandler cut their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.37.

Ford Motor Profile

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.