Oppenheimer & Co. Inc. Has $1.65 Million Stock Position in Ford Motor (NYSE:F)

Oppenheimer & Co. Inc. trimmed its position in Ford Motor (NYSE:F) by 21.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 124,315 shares of the auto manufacturer’s stock after selling 33,907 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ford Motor were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of F. Newport Trust Company LLC increased its position in Ford Motor by 4.5% during the fourth 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 during the period. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after acquiring an additional 269,887 shares during the period. Fisher Asset Management LLC increased its position in Ford Motor by 6.3% during the fourth 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 during the period. Norges Bank bought a new position in Ford Motor during the fourth quarter worth $475,899,000. Finally, Dimensional Fund Advisors LP increased its holdings in Ford Motor by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after buying an additional 528,823 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on F shares. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Barclays upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.10.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Ford Motor Stock Performance

Ford Motor stock opened at $14.03 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.28. The company has a market cap of $56.01 billion, a PE ratio of 14.46, a PEG ratio of 0.91 and a beta of 1.62. The company’s 50-day moving average is $12.29 and its two-hundred day moving average is $12.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. Equities analysts anticipate that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.28%. Ford Motor’s payout ratio is 61.86%.

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.