OP Asset Management Ltd Takes Position in Ford Motor Company $F

OP Asset Management Ltd purchased a new position in shares of Ford Motor Company (NYSE:F) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 395,421 shares of the auto manufacturer’s stock, valued at approximately $4,563,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after acquiring an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC raised its position in shares of Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares during the last quarter. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter valued at $674,437,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after purchasing an additional 125,534 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Shares of F stock opened at $14.11 on Friday. Ford Motor Company has a 12-month low of $10.68 and a 12-month high of $17.78. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The firm has a fifty day moving average of $13.88 and a 200-day moving average of $13.36.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, equities research analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio is -38.71%.

Wall Street Analyst Weigh In

F has been the topic of several recent research reports. Citigroup raised their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday. Bank of America raised their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. TD Cowen decreased their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.70.

Ford Motor Company Profile

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.