Ford Motor Company $F Position Increased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Ford Motor Company by 42.3%, now holding approximately $66.36 million worth of shares.
• Ford Motor reported a quarterly earnings per share of $0.37, surpassing expectations, with revenue of $50.18 billion for the quarter.
• The company declared a quarterly dividend of $0.15 per share, representing a 5.1% annualized yield, with a payout ratio of 76.92%.

Canada Pension Plan Investment Board raised its holdings in Ford Motor Company (NYSE:F - Free Report) by 42.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,616,436 shares of the auto manufacturer's stock after purchasing an additional 1,966,267 shares during the period. Canada Pension Plan Investment Board owned about 0.17% of Ford Motor worth $66,363,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust lifted its position in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor during the first quarter valued at $27,000. Olde Wealth Management LLC bought a new position in Ford Motor in the 1st quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor in the 1st quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Ford Motor stock traded up $0.09 during mid-day trading on Friday, hitting $11.80. The company's stock had a trading volume of 44,049,553 shares, compared to its average volume of 54,192,904. The stock has a market capitalization of $46.94 billion, a P/E ratio of 15.12, a P/E/G ratio of 3.38 and a beta of 1.52. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.99. The stock's fifty day moving average price is $11.36 and its two-hundred day moving average price is $10.44. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group increased their price target on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Citigroup raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of "Reduce" and a consensus price target of $10.53.

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.