Oder Investment Management LLC Purchases New Shares in Ford Motor (NYSE:F)

Oder Investment Management LLC purchased a new stake in Ford Motor (NYSE:F) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,741 shares of the auto manufacturer’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its stake in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in Ford Motor during the third quarter worth about $27,000. Peoples Bank KS acquired a new stake in Ford Motor during the third quarter worth about $29,000. Provence Wealth Management Group acquired a new stake in Ford Motor during the third quarter worth about $31,000. Finally, Headinvest LLC acquired a new stake in shares of Ford Motor in the 3rd quarter valued at approximately $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on F shares. Citigroup raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Morgan Stanley raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Barclays raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, UBS Group raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.02.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Ford Motor Price Performance

Shares of F traded up $0.06 during midday trading on Wednesday, hitting $12.21. 16,925,904 shares of the company traded hands, compared to its average volume of 54,078,492. The stock has a 50-day moving average of $12.63 and a 200-day moving average of $11.79. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The firm has a market cap of $48.52 billion, a P/E ratio of 12.66, a PEG ratio of 0.86 and a beta of 1.63. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping 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 company had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Ford Motor’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

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.