Caisse de depot et placement du Quebec Has $86.95 Million Stock Holdings in Ford Motor Company $F

Caisse de depot et placement du Quebec trimmed its stake in shares of Ford Motor Company (NYSE:F) by 15.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,255,667 shares of the auto manufacturer’s stock after selling 1,140,879 shares during the quarter. Caisse de depot et placement du Quebec’s holdings in Ford Motor were worth $86,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Maripau Wealth Management LLC increased its stake in Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after purchasing an additional 749 shares in the last quarter. Wayfinding Financial LLC lifted its stake in Ford Motor by 5.8% during the second quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer’s stock valued at $189,000 after buying an additional 754 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Ford Motor by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after buying an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 761 shares during the period. Finally, Southern Financial Group LLC boosted its holdings in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after buying an additional 776 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.96 on Friday. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of -7.46, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The business has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $13.51.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Wells Fargo & Company lifted their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $15.68.

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.