CIBC Asset Management Inc Has $12.08 Million Stock Position in Ford Motor Company $F

CIBC Asset Management Inc grew its position in Ford Motor Company (NYSE:F) by 69.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 920,805 shares of the auto manufacturer’s stock after buying an additional 378,666 shares during the period. CIBC Asset Management Inc’s holdings in Ford Motor were worth $12,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after purchasing an additional 761 shares in the last quarter. CRA Financial Services LLC lifted its holdings in shares of Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after purchasing an additional 775 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after purchasing an additional 776 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Ford Motor by 7.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after purchasing an additional 784 shares in the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Ford Motor by 35.3% in the fourth quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after purchasing an additional 794 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE F opened at $14.91 on Friday. The business’s 50 day moving average price is $13.12 and its two-hundred day moving average price is $13.22. The company has a market cap of $59.39 billion, a PE ratio of -9.62, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a twelve month low of $10.15 and a twelve month high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, analysts predict that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. Ford Motor’s dividend payout ratio is presently -38.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on F shares. Citigroup boosted their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Wells Fargo & Company cut their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, UBS Group cut their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.20.

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.