LSV Asset Management Reduces Stake in Ford Motor Company $F

LSV Asset Management lessened its holdings in Ford Motor Company (NYSE:F) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,039,047 shares of the auto manufacturer’s stock after selling 308,540 shares during the quarter. LSV Asset Management owned about 0.45% of Ford Motor worth $195,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of F. Vanguard Group Inc. increased its stake in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Geode Capital Management LLC lifted its position in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares during the period. Pacer Advisors Inc. boosted its holdings in Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after purchasing an additional 7,238,424 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and raised their target price for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Piper Sandler boosted their price target on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings upgraded Ford Motor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Stock Down 0.6%

Ford Motor stock opened at $13.20 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The stock has a market capitalization of $52.58 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The business has a 50 day simple moving average of $12.30 and a 200-day simple moving average of $11.45. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $13.97.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. Ford Motor’s payout ratio is currently 51.72%.

Ford Motor 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.