Canada Pension Plan Investment Board Acquires 798,954 Shares of Ford Motor Company $F

Canada Pension Plan Investment Board grew its holdings in shares of Ford Motor Company (NYSE:F) by 16.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,556,410 shares of the auto manufacturer’s stock after buying an additional 798,954 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of Ford Motor worth $77,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Caxton Associates LLP purchased a new stake in shares of Ford Motor during the 1st quarter valued at $304,000. Empowered Funds LLC boosted its holdings in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Ford Motor in the 2nd quarter worth about $172,000. NewEdge Advisors LLC grew its position in Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

NYSE F opened at $13.90 on Thursday. The company 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. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm’s 50-day simple moving average is $14.09 and its two-hundred day simple moving average is $13.51.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share 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 firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. BNP Paribas Exane lifted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Finally, Piper Sandler increased their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.68.

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.