British Columbia Investment Management Corp Decreases Position in Ford Motor Co. (F)
British Columbia Investment Management Corp lowered its stake in shares of Ford Motor Co. (NYSE:F) by 12.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,764,669 shares of the auto manufacturer’s stock after selling 259,601 shares during the period. British Columbia Investment Management Corp’s holdings in Ford Motor were worth $21,300,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. 1832 Asset Management L.P. raised its stake in Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock worth $100,000 after buying an additional 1,400 shares in the last quarter. Bellwether Investment Group LLC purchased a new stake in Ford Motor during the second quarter worth approximately $109,000. Balentine LLC purchased a new stake in Ford Motor during the second quarter worth approximately $109,000. Hudock Capital Group LLC raised its stake in Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares in the last quarter. Finally, Financial Architects Inc raised its stake in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 6,897 shares in the last quarter. 55.22% of the stock is currently owned by institutional investors.
Shares of Ford Motor Co. (NYSE:F) traded up 1.18% during trading on Friday, reaching $12.04. The company’s stock had a trading volume of 11,439,553 shares. The stock has a market cap of $47.84 billion, a price-to-earnings ratio of 6.65 and a beta of 1.12. The company has a 50-day moving average price of $11.86 and a 200-day moving average price of $12.56. Ford Motor Co. has a one year low of $11.02 and a one year high of $14.62.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities research analysts forecast that Ford Motor Co. will post $1.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 annualized dividend and a yield of 4.98%. Ford Motor’s payout ratio is presently 33.15%.
F has been the topic of a number of research reports. Deutsche Bank AG reiterated a “hold” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $12.00 target price (down previously from $13.00) on shares of Ford Motor in a research note on Saturday, October 8th. Berenberg Bank started coverage on shares of Ford Motor in a research note on Tuesday. They issued a “sell” rating and a $10.00 target price for the company. TheStreet lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a research note on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and an average price target of $13.77.
In related news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the sale, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ziad S. Ojakli sold 10,000 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $11.86, for a total value of $118,600.00. Following the sale, the insider now owns 503,246 shares in the company, valued at approximately $5,968,497.56. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
Receive News & Stock Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related stocks with our FREE daily email newsletter.