Goldman Sachs Value Stocks: Top 5 Stock Picks

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Goldman Sachs’ Stake Value: $2,168,347,000

P/E Ratio as of November 10: 5.86

Ford Motor Company (NYSE:F) is a Michigan-based automaker that operates through three segments – Automotive, Mobility, and Ford Credit. Goldman Sachs owns 23.71 million shares of Ford Motor Company (NYSE:F) worth $2.16 billion, representing 0.48% of the total portfolio. 

On October 26, Ford Motor Company (NYSE:F) declared a quarterly dividend of $0.15 per share, in line with previous. The dividend is payable on December 1, to shareholders of record on November 15. The dividend yield on November 10 came in at 4.51%. 

Following what he called a “mostly in-line” quarter from Ford Motor Company (NYSE:F) and fiscal year guidance for $11.5 billion in adjusted EBIT that is about $1 billion ahead of his estimate, Morgan Stanley analyst Adam Jonas said that he views Ford Motor Company (NYSE:F)’s decision to wind up its Argo robotaxi business as “a positive that investors will appreciate over time.” He maintained an Overweight rating and a $14 price target on Ford Motor Company (NYSE:F) shares.

According to Insider Monkey’s data, 46 hedge funds were long Ford Motor Company (NYSE:F) at the end of June 2022, and D E Shaw held a leading position in the company, comprising more than 23 million shares valued at $257.6 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in August and September, as major players, such as Ford (NYSE:F), have recently issued profit warnings and/or have withdrawn guidance.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% from 7.2% in early August and slashing full-year profit growth to 4.5%.”