Ford Motor (NYSE:F) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Ford Motor (NYSE:F) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,420 shares of the auto manufacturer’s stock after buying an additional 1,211 shares during the quarter. Fifth Third Bancorp’s holdings in Ford Motor were worth $3,529,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after purchasing an additional 59,082 shares during the period. Wedmont Private Capital increased its stake in Ford Motor by 33.1% during the first quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after purchasing an additional 4,255 shares during the period. Hodges Capital Management Inc. increased its stake in Ford Motor by 18.3% during the first quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock worth $1,268,000 after purchasing an additional 14,750 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in Ford Motor during the fourth quarter worth about $2,812,000. Finally, Park Avenue Securities LLC increased its stake in Ford Motor by 9.6% during the first quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock worth $2,071,000 after purchasing an additional 13,597 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the topic of a number of recent research reports. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Citigroup increased their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Royal Bank of Canada dropped their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.48.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.

Ford Motor Price Performance

Shares of F stock traded up $0.17 during mid-day trading on Wednesday, reaching $10.85. The stock had a trading volume of 48,882,565 shares, compared to its average volume of 54,708,723. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a market cap of $43.30 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The business has a 50-day simple moving average of $11.96 and a 200 day simple moving average of $12.28. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. On average, sell-side analysts anticipate that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

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.