CIBC Private Wealth Group LLC Decreases Position in Ford Motor (NYSE:F)

CIBC Private Wealth Group LLC decreased its position in shares of Ford Motor (NYSE:F) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,439 shares of the auto manufacturer’s stock after selling 9,424 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ford Motor were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Albion Financial Group UT lifted its stake in Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC lifted its position in Ford Motor by 5.4% during the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after purchasing an additional 1,001 shares during the period. Angeles Wealth Management LLC grew its position in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after purchasing an additional 1,024 shares during the period. Atlas Brown Inc. raised its stake in Ford Motor by 1.7% during the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after buying an additional 1,047 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its holdings in shares of Ford Motor by 10.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after buying an additional 1,098 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on F. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Evercore ISI cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada decreased their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Performance

NYSE F opened at $9.58 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The business has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $10.25. The stock has a market capitalization of $37.95 billion, a PE ratio of 6.56, a P/E/G ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.