Jupiter Topco LLC Takes $8.68 Million Position in Ford Motor Company $F

Jupiter Topco LLC bought a new position in shares of Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 624,967 shares of the auto manufacturer’s stock, valued at approximately $8,684,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Ford Motor in the 2nd quarter valued at about $4,649,131,000. Bank of New York Mellon Corp acquired a new stake in Ford Motor during the second quarter worth approximately $717,218,000. Norges Bank acquired a new stake in Ford Motor during the fourth quarter worth approximately $674,437,000. Deutsche Bank AG bought a new stake in shares of Ford Motor during the second quarter worth approximately $267,563,000. Finally, Marshall Wace LLP boosted its holdings in shares of Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after acquiring an additional 15,866,285 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on F shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. The Goldman Sachs Group boosted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Piper Sandler upped their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Up 0.1%

NYSE F opened at $13.89 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The company has a market cap of $55.39 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.29 and a beta of 1.82. The company has a 50 day moving average of $14.09 and a 200-day moving average of $13.52. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Ford Motor 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.