5 Best Stocks To Buy For Income

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In this article, we discuss the 5 best stocks to buy for income. If you want to read about some more dividend stocks, go directly to the 10 Best Stocks To Buy For Income.

5. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

Dividend Yield as of February 14: 4.63%

Ford Motor Company (NYSE:F) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. Founded by Henry Ford and incorporated on June 16, 1903, the company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. The vehicle maker currently pays a quarterly dividend of $0.15, with a dividend yield of 4.63% as of February 14.

JPMorgan analyst Ryan Brinkman lowered the price target on Ford Motor Company (NYSE:F) to $15 from $16 and maintained an Overweight rating on the shares. The analyst believes Tesla’s “aggressive” price cuts could help “catalyze and accelerate what may have otherwise been a more modest or protracted pricing normalization process.” According to the analyst, the price cuts are positive for consumers, negative for Tesla, negative for other automakers, but potentially positive for parts suppliers. However, the analyst states that an “undemanding valuation” keeps him positive on Ford Motor Company despite what may be a round of negative earnings revisions.

At the end of the third quarter of 2022, 47 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Ford Motor Company (NYSE:F), compared to 46 in the preceding quarter worth $608.8 million.

In its Q3 2022 investor letter, Leaven Partners, an asset management firm, highlighted a few stocks and Ford Motor Company (NYSE:F) was one of them. Here is what the fund said:

“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in August and September, as major players, such as Ford (NYSE:F), have recently issued profit warnings and/or have withdrawn guidance.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%.”

Follow Ford Motor Co (NYSE:F)

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