Fifth Third Bancorp Has $9.78 Million Stake in Ford Motor Company $F

Fifth Third Bancorp lifted its stake in shares of Ford Motor Company (NYSE:F) by 335.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 847,793 shares of the auto manufacturer’s stock after purchasing an additional 653,170 shares during the period. Fifth Third Bancorp’s holdings in Ford Motor were worth $9,784,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of F. Parkside Financial Bank & Trust raised its position in Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after purchasing an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in Ford Motor by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after buying an additional 761 shares during the last quarter. CRA Financial Services LLC boosted its position in Ford Motor by 4.4% in the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after buying an additional 775 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of Ford Motor by 7.2% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after buying an additional 784 shares during the period. Finally, Activest Wealth Management increased its stake in shares of Ford Motor by 35.3% in the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after buying an additional 794 shares during the period. 58.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

F has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. TD Cowen lowered their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.72.

Ford Motor Stock Up 1.9%

NYSE:F opened at $14.20 on Thursday. Ford Motor Company has a 12-month low of $10.68 and a 12-month high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $56.58 billion, a P/E ratio of -9.16, a P/E/G ratio of 0.30 and a beta of 1.82. The stock’s fifty day simple moving average is $14.22 and its 200-day simple moving average is $13.39.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is -38.71%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.