Canada Pension Plan Investment Board Has $16.33 Million Holdings in Ford Motor (F)
Canada Pension Plan Investment Board decreased its position in Ford Motor (NYSE:F) by 23.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,475,189 shares of the auto manufacturer’s stock after selling 448,344 shares during the period. Canada Pension Plan Investment Board’s holdings in Ford Motor were worth $16,330,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of F. BlackRock Inc. increased its stake in shares of Ford Motor by 13.2% during the 1st quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock worth $2,907,527,000 after purchasing an additional 30,645,741 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Ford Motor by 73.3% during the 1st quarter. Pzena Investment Management LLC now owns 44,818,988 shares of the auto manufacturer’s stock worth $496,594,000 after purchasing an additional 18,962,611 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of Ford Motor by 124.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 32,722,548 shares of the auto manufacturer’s stock worth $362,239,000 after purchasing an additional 18,114,045 shares during the last quarter. Becker Capital Management Inc. increased its stake in shares of Ford Motor by 13,914.0% during the 1st quarter. Becker Capital Management Inc. now owns 3,029,136 shares of the auto manufacturer’s stock worth $33,563,000 after purchasing an additional 3,007,521 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Ford Motor by 561.9% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 2,985,121 shares of the auto manufacturer’s stock worth $33,075,000 after purchasing an additional 2,534,137 shares during the last quarter. Hedge funds and other institutional investors own 55.31% of the company’s stock.
In other news, Director John C. Lechleiter purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was purchased at an average cost of $9.89 per share, with a total value of $98,900.00. Following the acquisition, the director now directly owns 45,000 shares in the company, valued at $445,050. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.95% of the stock is owned by company insiders.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The firm had revenue of $35.90 billion during the quarter, compared to the consensus estimate of $35.63 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. equities analysts expect that Ford Motor will post 1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, July 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.20%. The ex-dividend date is Friday, July 20th. Ford Motor’s payout ratio is 33.71%.
Several equities research analysts have recently issued reports on F shares. Barclays restated a “hold” rating and set a $12.00 price target on shares of Ford Motor in a research note on Friday, July 27th. Morgan Stanley set a $16.00 price objective on shares of Ford Motor and gave the stock a “buy” rating in a report on Thursday, May 24th. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. UBS Group cut their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating on shares of Ford Motor in a report on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.23.
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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