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

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Ford Motor (NYSE:F) by 12.5% during the third quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in Ford Motor in the second quarter worth $26,000. Quarry LP purchased a new position in shares of Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC purchased a new stake in Ford Motor during the 2nd quarter valued at about $28,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $30,000. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on F. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Price Performance

NYSE:F opened at $11.13 on Monday. The stock has a market cap of $44.23 billion, a PE ratio of 12.65, a P/E/G ratio of 2.03 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business’s 50-day simple moving average is $10.86 and its two-hundred day simple moving average is $11.41. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

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

Ford Motor Announces Dividend

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

Ford Motor Profile

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.