TD Waterhouse Canada Inc. Sells 43,318 Shares of Ford Motor Company $F

TD Waterhouse Canada Inc. trimmed its stake in shares of Ford Motor Company (NYSE:F) by 7.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 563,421 shares of the auto manufacturer’s stock after selling 43,318 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ford Motor were worth $6,384,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock valued at $5,015,369,000 after purchasing an additional 4,585,636 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after acquiring an additional 7,238,424 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $12.41 on Friday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $13.97. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm has a market capitalization of $49.43 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 4.03 and a beta of 1.60. The stock’s 50-day simple moving average is $12.39 and its 200-day simple moving average is $11.51.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. Ford Motor’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. As a group, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. Ford Motor’s payout ratio is 51.72%.

Analyst Ratings Changes

A number of research firms recently weighed in on F. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Royal Bank Of Canada lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Citigroup lifted their price objective on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Piper Sandler increased their target price on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.73.

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.