Ford Motor (NYSE:F) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in Ford Motor (NYSE:F) by 22.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 619,600 shares of the auto manufacturer’s stock after buying an additional 112,290 shares during the quarter. Intact Investment Management Inc.’s holdings in Ford Motor were worth $6,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in F. Norden Group LLC acquired a new stake in shares of Ford Motor during the first quarter valued at $255,000. Fidelis Capital Partners LLC acquired a new position in shares of Ford Motor in the first quarter valued at approximately $96,000. Nordea Investment Management AB lifted its stake in shares of Ford Motor by 6.3% during the first quarter. Nordea Investment Management AB now owns 293,518 shares of the auto manufacturer’s stock valued at $3,894,000 after buying an additional 17,280 shares during the period. Graypoint LLC grew its stake in Ford Motor by 36.8% in the 1st quarter. Graypoint LLC now owns 15,325 shares of the auto manufacturer’s stock worth $204,000 after acquiring an additional 4,124 shares during the period. Finally, Financial Counselors Inc. lifted its stake in shares of Ford Motor by 6.0% during the 1st quarter. Financial Counselors Inc. now owns 801,394 shares of the auto manufacturer’s stock worth $10,643,000 after purchasing an additional 45,164 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wolfe Research initiated coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.41.

Ford Motor Trading Up 0.3 %

NYSE:F opened at $10.25 on Monday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The business’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, sell-side analysts predict that Ford Motor will post 1.82 earnings per share 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. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.85%. Ford Motor’s payout ratio is 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.