LSV Asset Management Reduces Stake in Ford Motor Company (NYSE:F)

Key Points

• LSV Asset Management has reduced its stake in Ford Motor Company by 2.5%, now owning approximately 0.46% of the company, valued at $184 million.
• Other institutional investors are actively increasing their holdings, with Pacer Advisors Inc. raising its position by 6,915.1% during the first quarter, now owning about 49 million shares valued at $492 million.
• Ford Motor recently disclosed a quarterly dividend of $0.15 per share, representing a 5.6% yield, with the ex-dividend date set for August 11th.

LSV Asset Management reduced its position in Ford Motor Company (NYSE:F - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,347,587 shares of the auto manufacturer's stock after selling 466,100 shares during the period. LSV Asset Management owned approximately 0.46% of Ford Motor worth $184,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted 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 valued at $492,253,000 after purchasing an additional 48,378,444 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted 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 valued at $222,872,000 after purchasing an additional 10,535,335 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Ford Motor by 2,905.1% during the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after purchasing an additional 7,723,601 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ford Motor by 21.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock valued at $293,460,000 after purchasing an additional 5,295,086 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after purchasing an additional 4,925,993 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

F has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays raised their price target on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group raised their price target on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.40.

Ford Motor Trading Down 2.4%

Shares of NYSE F opened at $10.80 on Friday. The business's 50 day moving average is $10.91 and its two-hundred day moving average is $10.22. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.97. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.97. The stock has a market capitalization of $42.95 billion, a P/E ratio of 13.85, a PEG ratio of 3.23 and a beta of 1.49.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is presently 76.92%.

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.

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