Cibc World Market Inc. Sells 270,361 Shares of Ford Motor Company $F

Cibc World Market Inc. lessened its stake in Ford Motor Company (NYSE:F) by 28.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 693,810 shares of the auto manufacturer’s stock after selling 270,361 shares during the quarter. Cibc World Market Inc.’s holdings in Ford Motor were worth $9,644,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MV Capital Management Inc. acquired a new position in Ford Motor during the 4th quarter worth $25,000. McMillan Office Inc. acquired a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID raised its position in shares of Ford Motor by 108.4% during 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 position 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 during the last quarter. Finally, Caldwell Trust Co grew its stake 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 purchasing an additional 2,175 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Bank of America boosted their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Friday, July 31st. Finally, Barclays increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Eight research 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’s stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $15.68.

Ford Motor Price Performance

NYSE:F opened at $13.93 on Tuesday. The firm has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $13.51. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The stock has a market capitalization of $55.53 billion, a PE ratio of -7.45, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

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

Ford Motor Dividend Announcement

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

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.