Oppenheimer & Co. Inc. Reduces Stock Position in Ford Motor (NYSE:F)

Oppenheimer & Co. Inc. lowered its holdings in shares of Ford Motor (NYSE:FFree Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,222 shares of the auto manufacturer’s stock after selling 19,721 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ford Motor were worth $1,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Ford Motor in the 4th quarter worth $475,899,000. Newport Trust Company LLC raised its position in shares of Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Ford Motor by 1,084.8% in the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after acquiring an additional 2,469,344 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Ford Motor by 21.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after acquiring an additional 2,190,915 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on F. Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Royal Bank of Canada upped their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $13.89.

Read Our Latest Analysis on Ford Motor

Ford Motor Stock Up 0.7 %

Ford Motor stock opened at $12.15 on Monday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The business’s 50-day simple moving average is $12.45 and its two-hundred day simple moving average is $12.10. The company has a market cap of $48.51 billion, a PE ratio of 12.53, a PEG ratio of 0.80 and a beta of 1.61. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Ford Motor will post 1.99 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.94%. Ford Motor’s payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Ford Motor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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