CANADA LIFE ASSURANCE Co Purchases 53,853 Shares of Ford Motor (NYSE:F)

CANADA LIFE ASSURANCE Co boosted its position in shares of Ford Motor (NYSE:F - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,471,381 shares of the auto manufacturer's stock after acquiring an additional 53,853 shares during the period. CANADA LIFE ASSURANCE Co owned 0.06% of Ford Motor worth $24,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the 4th quarter valued at $31,000. Finally, Crewe Advisors LLC boosted its stake in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after purchasing an additional 2,068 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on F. TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 price target for the company. Citigroup began coverage on shares of Ford Motor in a research report on Wednesday. They set a "neutral" rating and a $10.00 price target for the company. StockNews.com cut shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $9.00 price target (down previously from $11.00) on shares of Ford Motor in a research report on Thursday, April 10th. Finally, Evercore ISI decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.77.

Ford Motor Stock Up 1.7 %

F stock traded up $0.16 during midday trading on Wednesday, hitting $9.81. The company's stock had a trading volume of 55,108,936 shares, compared to its average volume of 111,937,281. The company has a market cap of $38.88 billion, a PE ratio of 6.72, a P/E/G ratio of 0.61 and a beta of 1.41. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm's 50-day moving average is $9.61 and its 200-day moving average is $10.12.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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, equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.12%. Ford Motor's payout ratio is 41.10%.

Ford Motor Company Profile

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.