Brandywine Global Investment Management LLC Trims Holdings in Ford Motor Company $F

Key Points

• Brandywine Global Investment Management LLC has significantly reduced its stake in Ford Motor Company by 99.6%, selling over 2.4 million shares, leaving them with just 10,914 shares valued at approximately $109,000.
• Vanguard Group Inc. and Pacer Advisors Inc. both increased their holdings in Ford, with Vanguard growing its position by 13.8% and Pacer Advisors Inc. by an astonishing 6,915.1%.
• Ford Motor announced a quarterly dividend of $0.15 per share, translating to a 5.2% annualized yield, reinforcing its commitment to returning value to shareholders.

Brandywine Global Investment Management LLC cut its stake in Ford Motor Company (NYSE:F - Free Report) by 99.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,914 shares of the auto manufacturer's stock after selling 2,446,740 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Ford Motor were worth $109,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in F. Vanguard Group Inc. grew its position 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 valued at $4,590,333,000 after purchasing an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. grew its position in Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Nuveen LLC purchased a new position in Ford Motor during the first quarter worth about $123,147,000. Charles Schwab Investment Management Inc. grew 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 worth $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after buying an additional 10,535,335 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Up 1.0%

NYSE F opened at $11.5750 on Wednesday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a 50-day moving average of $11.16 and a 200-day moving average of $10.32. The firm has a market cap of $46.07 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the previous year, the company posted $0.47 EPS. Ford Motor's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is 76.92%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on F. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. The Goldman Sachs Group boosted their target price on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Barclays boosted their target price on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Piper Sandler lifted their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of "Reduce" and a consensus price target of $10.53.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.48% of the company's stock.

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.

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