Cidel Asset Management Inc. Raises Holdings in Ford Motor (NYSE:F)

Cidel Asset Management Inc. boosted its position in Ford Motor (NYSE:F) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,121 shares of the auto manufacturer’s stock after purchasing an additional 2,194 shares during the quarter. 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 and other institutional investors also recently added to or reduced their stakes in the company. Realta Investment Advisors purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $227,000. Golden State Wealth Management LLC acquired a new position in Ford Motor during the fourth quarter worth $50,000. Fairvoy Private Wealth LLC purchased a new stake in Ford Motor in the 4th quarter valued at $132,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Ford Motor by 12.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock worth $4,511,000 after acquiring an additional 49,844 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Ford Motor by 1.3% during the 4th 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. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $9.25 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52-week low of $9.18 and a 52-week high of $14.85. The firm has a market cap of $36.76 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company’s 50 day moving average is $10.06 and its two-hundred day moving average is $10.57.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on F shares. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Royal Bank of Canada lowered their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.04.

About Ford Motor

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.