Fifth Third Wealth Advisors LLC Has $820,000 Stake in Ford Motor (NYSE:F)

Fifth Third Wealth Advisors LLC grew its stake in Ford Motor (NYSE:F) by 44.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 77,669 shares of the auto manufacturer’s stock after buying an additional 23,822 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Ford Motor were worth $820,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new position in Ford Motor in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in Ford Motor during the second quarter valued at about $26,000. Quarry LP acquired a new stake in shares of Ford Motor in the second quarter valued at about $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor in the second quarter worth about $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth about $30,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $11.05 on Wednesday. The stock’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $11.48. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The firm has a market cap of $43.92 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.00 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

F has been the topic of a number of research analyst reports. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Company 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.