Ford Motor Company $F Shares Sold by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec cut its Ford stake by 15.4% in the second quarter, selling 1.14 million shares and retaining 6.26 million shares worth approximately $87 million.
• Analysts remain mixed on Ford, with a consensus “Hold” rating and an average price target of $15.68; recent targets range from $14 to $17.
• Ford exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS and $48.3 billion in revenue, while declaring a $0.15 quarterly dividend, equivalent to a 4.3% annualized yield.

Caisse de depot et placement du Quebec lessened its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,255,667 shares of the auto manufacturer's stock after selling 1,140,879 shares during the period. Caisse de depot et placement du Quebec owned 0.16% of Ford Motor worth $86,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of F. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $25,000. McMillan Office Inc. bought a new position in Ford Motor during the 4th quarter worth $26,000. Manning & Napier Advisors LLC acquired a new stake in Ford Motor in the second quarter worth $31,000. Johnson Financial Group Inc. increased its position in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after buying an additional 837 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its stake in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Analyst Ratings Changes

F has been the subject of several recent research reports. Barclays upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 29th. Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.68.

Ford Motor Stock Performance

Shares of F opened at $13.96 on Friday. The firm has a 50-day moving average price of $14.09 and a 200 day moving average price of $13.51. The firm has a market capitalization of $55.65 billion, a PE ratio of -7.46, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the firm earned $0.37 EPS. Ford Motor's revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor's payout ratio is currently -32.09%.

About Ford Motor

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.

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