Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Ford Motor (NYSE:F)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ford Motor (NYSE:F) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,585 shares of the auto manufacturer’s stock, valued at approximately $186,000.

Other large investors have also recently added to or reduced their stakes in the company. Commerce Bank lifted its position in Ford Motor by 4.9% during the third quarter. Commerce Bank now owns 144,810 shares of the auto manufacturer’s stock worth $1,529,000 after acquiring an additional 6,814 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Ford Motor by 21.8% during the third quarter. Avior Wealth Management LLC now owns 77,615 shares of the auto manufacturer’s stock worth $820,000 after purchasing an additional 13,900 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Ford Motor by 17.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer’s stock worth $11,550,000 after purchasing an additional 158,960 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Ford Motor in the 3rd quarter valued at $1,373,000. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Ford Motor by 44.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 77,669 shares of the auto manufacturer’s stock valued at $820,000 after buying an additional 23,822 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.3 %

Shares of F stock opened at $11.13 on Monday. The stock has a market cap of $44.23 billion, a P/E ratio of 12.65, a PEG ratio of 2.03 and a beta of 1.62. The company’s fifty day simple moving average is $10.86 and its two-hundred day simple moving average is $11.41. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Ratings Changes

F has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.02.

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.