BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 93,140 Shares of Ford Motor (NYSE:F)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Ford Motor (NYSE:F) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,356 shares of the auto manufacturer’s stock after selling 93,140 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Ford Motor were worth $6,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ING Groep NV lifted its position in shares of Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares in the last quarter. OneAscent Financial Services LLC bought a new position in Ford Motor in the 3rd quarter worth about $545,000. GSA Capital Partners LLP grew its holdings in Ford Motor by 20.8% during the 3rd quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock valued at $964,000 after buying an additional 15,729 shares in the last quarter. Czech National Bank increased its position in shares of Ford Motor by 6.5% during the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after buying an additional 48,456 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Ford Motor in the third quarter worth about $938,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on F shares. Wells Fargo & Company decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Barclays dropped their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Up 0.3 %

Shares of F stock opened at $11.13 on Monday. The business has a 50-day moving average of $10.86 and a 200 day moving average of $11.41. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The stock has a market capitalization of $44.23 billion, a PE ratio of 12.65, a P/E/G ratio of 2.03 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.