Ford Motor Company $F Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Ford Motor Company (NYSE:F) by 60.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,727,205 shares of the auto manufacturer’s stock after selling 4,228,754 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ford Motor were worth $37,908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in F. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the 4th quarter valued at about $25,000. McMillan Office Inc. acquired a new position in Ford Motor during the fourth quarter worth approximately $26,000. 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. Johnson Financial Group Inc. lifted its stake 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 valued at $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co boosted its holdings in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 2,175 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Barclays lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Price Performance

F stock opened at $13.93 on Tuesday. The firm has a 50 day moving average of $14.10 and a 200-day moving average of $13.51. The company has a market cap of $55.53 billion, a price-to-earnings ratio of -7.45, a PEG ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given 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%.

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.