Today, CIBC World Markets Inc. Sold shares of Ford Motor Co. (F)

Today, CIBC World Markets Inc. Sold shares of Ford Motor Co. (F)
CIBC World Markets Inc. lowered its position in Ford Motor Co. (NYSE:F) by 22.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 330,413 shares of the auto manufacturer’s stock after selling 96,009 shares during the period. CIBC World Markets Inc.’s holdings in Ford Motor were worth $3,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in F. Vanguard Group Inc. boosted its position in shares of Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares during the period. BlackRock Fund Advisors boosted its position in shares of Ford Motor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock valued at $573,605,000 after buying an additional 1,265,872 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock valued at $438,231,000 after buying an additional 953,271 shares during the period. BlackRock Group LTD boosted its position in shares of Ford Motor by 1.1% in the second quarter. BlackRock Group LTD now owns 32,225,481 shares of the auto manufacturer’s stock valued at $405,073,000 after buying an additional 345,115 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Ford Motor by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer’s stock valued at $385,950,000 after buying an additional 4,582,387 shares during the period. Institutional investors and hedge funds own 55.22% of the company’s stock.

Ford Motor Co. (NYSE:F) traded up 1.18% during trading on Friday, hitting $12.04. 11,421,353 shares of the stock traded hands. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $14.62. The company has a market cap of $47.84 billion, a P/E ratio of 6.65 and a beta of 1.12. The firm has a 50-day moving average price of $11.88 and a 200 day moving average price of $12.56.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. The firm had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $32.70 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities analysts expect that Ford Motor Co. will post $1.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.

Several equities research analysts have recently weighed in on F shares. Jefferies Group reiterated a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Daiwa Capital Markets cut shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.48 price objective for the company. in a research report on Monday, November 14th. Bank of America Corp. reiterated a “neutral” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, September 14th. Finally, decreased their price objective on shares of Ford Motor from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Ford Motor has an average rating of “Hold” and an average price target of $13.77.

In related news, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ziad S. Ojakli sold 10,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $11.86, for a total transaction of $118,600.00. Following the transaction, 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. Insiders own 1.10% of the company’s stock.

About Ford Motor

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.

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