LSV Asset Management Reduces Stock Position in Ford Motor (NYSE:F)

LSV Asset Management trimmed its holdings in shares of Ford Motor (NYSE:F) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,125,428 shares of the auto manufacturer’s stock after selling 112,783 shares during the quarter. LSV Asset Management’s holdings in Ford Motor were worth $245,329,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in F. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after buying an additional 2,657,650 shares during the last quarter. Fisher Asset Management LLC lifted its stake in 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 valued at $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Northern Trust Corp grew its position in shares of Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after purchasing an additional 2,190,915 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Ford Motor by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer’s stock worth $92,935,000 after buying an additional 150,117 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on F. Barclays raised their price target 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. Citigroup increased their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Morgan Stanley lifted their price objective 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. Finally, UBS Group increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.74.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is owned by company insiders.

Ford Motor Price Performance

Shares of F stock traded down $0.06 on Friday, hitting $12.43. 47,463,317 shares of the stock traded hands, compared to its average volume of 54,173,800. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $12.64 and a two-hundred day simple moving average of $11.80. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.84 and a beta of 1.61. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities research analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.83%. Ford Motor’s payout ratio is 61.86%.

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.