Fifth Third Wealth Advisors LLC Trims Stock Position in Ford Motor (NYSE:F)

Fifth Third Wealth Advisors LLC decreased its position in shares of Ford Motor (NYSE:F - Free Report) by 40.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,329 shares of the auto manufacturer's stock after selling 32,415 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Ford Motor were worth $475,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NCP Inc. boosted its stake in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after acquiring an additional 28,528 shares in the last quarter. Alberta Investment Management Corp grew its stake in Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after acquiring an additional 91,300 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Ford Motor by 12.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer's stock worth $4,511,000 after acquiring an additional 49,844 shares in the last quarter. ABC Arbitrage SA acquired a new position in Ford Motor during the fourth quarter worth $1,012,000. Finally, Wernau Asset Management Inc. purchased a new position in Ford Motor in the 4th quarter valued at about $344,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Down 1.5%

Shares of NYSE F traded down $0.16 during trading on Thursday, reaching $10.09. The stock had a trading volume of 132,827,085 shares, compared to its average volume of 78,809,587. The company has a market cap of $40.10 billion, a P/E ratio of 6.91, a PEG ratio of 0.61 and a beta of 1.53. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business's 50-day moving average price is $10.00 and its 200-day moving average price is $10.01.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.95%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Piper Sandler upped their target price on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Bank of America reduced their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research report on Thursday, February 6th. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Finally, Wall Street Zen downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.03.

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.