Fifth Third Wealth Advisors LLC Trims Stock Holdings in Ford Motor Company $F

Fifth Third Wealth Advisors LLC trimmed its holdings in Ford Motor Company (NYSE:FFree Report) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,101 shares of the auto manufacturer’s stock after selling 3,228 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Ford Motor were worth $478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of F. Vanguard Group Inc. raised its holdings 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 worth $4,590,333,000 after buying an additional 55,576,478 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Ford Motor by 6,915.1% in 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 during the period. Nuveen LLC purchased a new stake in shares of Ford Motor in the first quarter worth approximately $123,147,000. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Finally, Aberdeen Group plc increased its holdings in Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after purchasing an additional 4,365,125 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Down 0.7%

Ford Motor stock opened at $11.43 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a market capitalization of $45.47 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 3.26 and a beta of 1.53. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.80. The business has a fifty day moving average price of $11.67 and a 200-day moving average price of $10.89.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping 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 firm had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same quarter last year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.3%. Ford Motor’s payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on F. Weiss Ratings restated a “hold (c-)” rating on shares of Ford Motor in a report on Saturday, September 27th. Royal Bank Of Canada raised their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.04.

Read Our Latest Stock Report on F

Ford Motor Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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