Ford Motor Company $F Shares Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. grew its stake in shares of Ford Motor Company (NYSE:F) by 12.5% in the second quarter, Holdings Channel.com reports. The fund owned 98,426 shares of the auto manufacturer’s stock after purchasing an additional 10,965 shares during the period. Cidel Asset Management Inc.’s holdings in Ford Motor were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $30,000. Finally, WPG Advisers LLC purchased a new position in shares of Ford Motor during the 1st quarter worth approximately $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. UBS Group raised their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Barclays raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.04.

Ford Motor Stock Up 1.6%

F stock opened at $11.93 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The company has a 50 day moving average price of $11.72 and a two-hundred day moving average price of $10.94. The stock has a market capitalization of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.47 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the previous year, the company earned $0.47 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. Ford Motor’s payout ratio is currently 76.92%.

About Ford Motor

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.