Alberta Investment Management Corp Boosts Stake in Ford Motor (NYSE:F)

Alberta Investment Management Corp grew its stake in shares of Ford Motor (NYSE:F) by 87.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,100 shares of the auto manufacturer’s stock after buying an additional 91,300 shares during the period. Alberta Investment Management Corp’s holdings in Ford Motor were worth $1,941,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Werba Rubin Papier Wealth Management purchased a new stake in shares of Ford Motor during the fourth quarter worth about $192,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor during the fourth quarter worth approximately $29,000. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Ford Motor by 20.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 139,684 shares of the auto manufacturer’s stock worth $1,383,000 after acquiring an additional 24,085 shares during the period. Atria Wealth Solutions Inc. raised its holdings in Ford Motor by 0.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 607,734 shares of the auto manufacturer’s stock valued at $6,017,000 after acquiring an additional 1,570 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Ford Motor by 66.2% during the 4th quarter. D.A. Davidson & CO. now owns 210,743 shares of the auto manufacturer’s stock worth $2,086,000 after purchasing an additional 83,941 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Down 1.1 %

NYSE:F opened at $9.29 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.60 and a beta of 1.63. Ford Motor has a one year low of $9.10 and a one year high of $14.85. The stock has a 50-day simple moving average of $9.81 and a 200 day simple moving average of $10.43.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS 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%. Sell-side analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.46%. Ford Motor’s payout ratio is 41.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on F shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $11.89.

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.