Canada Pension Plan Investment Board Raises Stake in Ford Motor Company $F

Canada Pension Plan Investment Board boosted its stake in Ford Motor Company (NYSE:F) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,556,410 shares of the auto manufacturer’s stock after purchasing an additional 798,954 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $77,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Ford Motor during the 4th quarter valued at $1,769,000. TD Asset Management Inc raised its stake in shares of Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after purchasing an additional 189,310 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Ford Motor by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after purchasing an additional 366,218 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Ford Motor during the second quarter valued at $11,492,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 0.4%

Ford Motor stock opened at $13.90 on Thursday. The stock has a market cap of $55.43 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The stock has a fifty day moving average of $14.09 and a 200 day moving average of $13.51. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on F. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Piper Sandler boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor 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.