Canada Post Corp Registered Pension Plan Sells 40,000 Shares of Ford Motor Company $F

Canada Post Corp Registered Pension Plan trimmed its holdings in Ford Motor Company (NYSE:F) by 62.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,650 shares of the auto manufacturer’s stock after selling 40,000 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Ford Motor were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Swiss National Bank increased its position in Ford Motor by 7.4% in the 2nd quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock valued at $128,279,000 after buying an additional 813,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Ford Motor by 7.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock valued at $81,118,000 after acquiring an additional 510,473 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Ford Motor by 3.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,055,356 shares of the auto manufacturer’s stock valued at $98,251,000 after acquiring an additional 279,470 shares in the last quarter. Aviva PLC increased its holdings in shares of Ford Motor by 1,280.3% during the second quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock valued at $31,675,000 after acquiring an additional 2,707,834 shares in the last quarter. Finally, National Pension Service raised its position in shares of Ford Motor by 6.7% during the third quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after purchasing an additional 510,426 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. UBS Group boosted their target price on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.02.

Ford Motor Trading Up 0.7%

NYSE:F opened at $13.81 on Monday. The stock has a market cap of $55.03 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 5.83 and a beta of 1.66. 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 company’s 50 day moving average price is $13.55 and its 200-day moving average price is $12.59. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $14.50.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.