Ford Motor Company $F Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of Ford Motor Company (NYSE:F) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 17,220,000 shares of the auto manufacturer’s stock after selling 390,147 shares during the quarter. LSV Asset Management’s holdings in Ford Motor were worth $225,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Grove Bank & Trust raised its position in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Ford Motor during the 4th quarter worth approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Ford Motor in the 3rd quarter worth approximately $32,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of NYSE:F opened at $14.93 on Friday. The firm has a market capitalization of $59.47 billion, a PE ratio of -9.63, a P/E/G ratio of 0.30 and a beta of 1.65. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The business has a 50-day moving average of $12.29 and a two-hundred day moving average of $13.03. Ford Motor Company has a 12 month low of $9.88 and a 12 month high of $14.95.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio is -38.71%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America assumed coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price for the company. Citigroup lowered their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. The Goldman Sachs Group lowered their target price on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, TD Cowen lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $13.56.

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.