Cidel Asset Management Inc. Boosts Stock Position in Ford Motor (NYSE:F)

Cidel Asset Management Inc. grew its stake in Ford Motor (NYSE:F) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,121 shares of the auto manufacturer’s stock after purchasing an additional 2,194 shares during the period. Cidel Asset Management Inc.’s holdings in Ford Motor were worth $714,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Realta Investment Advisors purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $227,000. Golden State Wealth Management LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $50,000. Fairvoy Private Wealth LLC purchased a new position in shares of Ford Motor during the 4th quarter worth approximately $132,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Ford Motor by 12.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock valued at $4,511,000 after buying an additional 49,844 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Ford Motor by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,799,541 shares of the auto manufacturer’s stock worth $87,115,000 after acquiring an additional 113,363 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

F opened at $9.25 on Friday. The company has a 50 day moving average of $10.06 and a two-hundred day moving average of $10.57. Ford Motor has a 52-week low of $9.18 and a 52-week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market cap of $36.76 billion, a P/E ratio of 6.34, a P/E/G ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, analysts expect that Ford Motor will post 1.7 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.49%. Ford Motor’s payout ratio is currently 41.10%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. JPMorgan Chase & Co. lowered their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.04.

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.