Canada Pension Plan Investment Board Buys 3,521,838 Shares of Ford Motor (F)

Canada Pension Plan Investment Board boosted its stake in shares of Ford Motor (NYSE:F) by 238.7% in the third quarter, HoldingsChannel.com reports. The fund owned 4,997,027 shares of the auto manufacturer’s stock after purchasing an additional 3,521,838 shares during the period. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $46,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Credit Agricole S A lifted its position in Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after acquiring an additional 5,400 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new stake in Ford Motor during the 3rd quarter worth approximately $106,000. Kaizen Advisory LLC lifted its position in Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after acquiring an additional 5,931 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Ford Motor during the 2nd quarter worth approximately $113,000. Finally, Adviser Investments LLC lifted its position in Ford Motor by 2,250.1% during the 2nd quarter. Adviser Investments LLC now owns 10,270 shares of the auto manufacturer’s stock worth $114,000 after acquiring an additional 9,833 shares during the period. 55.28% of the stock is owned by institutional investors.

In other news, Director Ray T. Charley acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the transaction, the vice president now directly owns 94,527 shares of the company’s stock, valued at $901,787.58. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.

Several analysts have recently commented on F shares. Jefferies Financial Group reissued a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, October 5th. Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $12.00 in a report on Monday, October 29th. TheStreet cut Ford Motor from a “b-” rating to a “c+” rating in a report on Monday, August 13th. Barclays reduced their price target on Ford Motor from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, September 26th. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.00 to $10.00 in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.27.

F opened at $9.13 on Monday. Ford Motor has a 12 month low of $8.17 and a 12 month high of $13.48. The company has a market capitalization of $36.28 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The firm had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. During the same period last year, the business posted $0.43 EPS. As a group, research analysts forecast that Ford Motor will post 1.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s payout ratio is currently 33.71%.

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About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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