OP Asset Management Ltd Makes New $4.56 Million Investment in Ford Motor Company $F

OP Asset Management Ltd acquired a new stake in Ford Motor Company (NYSE:F) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 395,421 shares of the auto manufacturer’s stock, valued at approximately $4,563,000.

A number of other hedge funds have also modified their holdings of F. Grove Bank & Trust grew its position in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the 4th quarter valued at $25,000. McMillan Office Inc. acquired a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth about $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F stock opened at $14.11 on Friday. Ford Motor Company has a 1 year low of $10.68 and a 1 year high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The firm’s 50 day moving average is $13.88 and its 200-day moving average is $13.36. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a PEG ratio of 0.31 and a beta of 1.79.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter last year, the business posted $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Wednesday. Citigroup raised their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. UBS Group lifted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Five 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’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus 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.