5 Best Car Stocks To Buy Now

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 40

Ford Motor Company (NYSE:F) develops, designs, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. On April 6, Ford Motor Company (NYSE:F) declared a quarterly dividend of $0.15 per share, in line with previous. The dividend is payable on June 1, to shareholders of record on April 26. Ford’s overall vehicle sales were up 10.1% in Q1 2023 to 475,906 vehicles.

On March 27, Citi analyst Itay Michaeli reiterated a Neutral rating on Ford Motor Company (NYSE:F) and reduced the price target of Ford from $14 to $12.50. The company’s reaffirmed guidance indicated a low likelihood of negative changes, but Michaeli believes that the first quarter of the year will provide insight into the company’s ability to execute its plans after a challenging second half of 2022. While Ford Motor Company (NYSE:F) has the potential to remain profitable during most economic downturns and maintain sufficient liquidity, the firm has adjusted its earnings forecasts due to macroeconomic risks.

According to Insider Monkey’s fourth quarter database, 40 hedge funds were long Ford Motor Company (NYSE:F), compared to 47 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is a prominent stakeholder of the company, with 17.5 million shares worth $203.7 million. 

Here is what Leaven Partners has to say about Ford Motor Company (NYSE:F) in its Q3 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6%[2] from 7.2% in early August and slashing full-year profit growth to 4.5%.”