Cim Investment Management Inc. Has $1.59 Million Stock Holdings in Ford Motor Company $F

Cim Investment Management Inc. lifted its position in Ford Motor Company (NYSE:F) by 99.6% during the 2nd quarter, Holdings Channel reports. The firm owned 153,396 shares of the auto manufacturer’s stock after buying an additional 76,561 shares during the quarter. Cim Investment Management Inc.’s holdings in Ford Motor were worth $1,591,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in F. Public Sector Pension Investment Board raised its stake in shares of Ford Motor by 8.3% in the first quarter. Public Sector Pension Investment Board now owns 529,340 shares of the auto manufacturer’s stock valued at $5,309,000 after acquiring an additional 40,522 shares during the last quarter. Horizon Investments LLC increased its holdings in Ford Motor by 1.8% during the 1st quarter. Horizon Investments LLC now owns 138,592 shares of the auto manufacturer’s stock valued at $1,371,000 after purchasing an additional 2,506 shares in the last quarter. Aberdeen Group plc raised its position in Ford Motor by 150.6% in the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock valued at $72,169,000 after purchasing an additional 4,365,125 shares during the last quarter. Ethic Inc. raised its position in Ford Motor by 10.6% in the 1st quarter. Ethic Inc. now owns 49,350 shares of the auto manufacturer’s stock valued at $491,000 after purchasing an additional 4,714 shares during the last quarter. Finally, AR Asset Management Inc. acquired a new position in Ford Motor in the first quarter worth $1,047,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Up 0.9%

NYSE:F opened at $13.75 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $54.79 billion, a P/E ratio of 11.85 and a beta of 1.60. The stock’s fifty day simple moving average is $12.81 and its 200-day simple moving average is $11.82.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on F. Royal Bank Of Canada raised their target price on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. The Goldman Sachs Group upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. UBS Group raised their price target on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Citigroup boosted their price objective on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.04.

About Ford Motor

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.