Cim Investment Management Inc. Cuts Stock Holdings in Ford Motor Company $F

Cim Investment Management Inc. reduced its stake in shares of Ford Motor Company (NYSE:F) by 50.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,720 shares of the auto manufacturer’s stock after selling 77,676 shares during the quarter. Cim Investment Management Inc.’s holdings in Ford Motor were worth $906,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. San Luis Wealth Advisors LLC lifted its stake in shares of Ford Motor by 6.7% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 69,131 shares of the auto manufacturer’s stock valued at $827,000 after acquiring an additional 4,359 shares during the last quarter. Financial Engines Advisors L.L.C. grew its position in Ford Motor by 17.6% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 53,446 shares of the auto manufacturer’s stock worth $639,000 after acquiring an additional 7,992 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Ford Motor by 190.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock worth $131,641,000 after purchasing an additional 7,220,686 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Ford Motor by 0.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 2,394,734 shares of the auto manufacturer’s stock worth $28,970,000 after purchasing an additional 10,604 shares during the period. Finally, Caxton Associates LLP bought a new stake in Ford Motor in the third quarter valued at approximately $586,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of Ford Motor stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on F shares. UBS Group increased their price objective on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $11.00 to $16.00 in a report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research report on Wednesday, February 11th. Morgan Stanley raised their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, Bank of America began coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.29.

Ford Motor Price Performance

F stock opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $14.80. The firm has a 50-day moving average of $13.49 and a 200 day moving average of $12.94. The company has a market cap of $47.61 billion, a P/E ratio of -5.79, a PEG ratio of 0.27 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. Ford Motor’s payout ratio is currently -29.13%.

Ford Motor Company Profile

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.