624,967 Shares in Ford Motor Company $F Bought by Jupiter Topco LLC

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

A number of other large investors have also recently added to or reduced their stakes in F. BlackRock Inc. acquired a new position in Ford Motor during the 2nd quarter worth approximately $4,649,131,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after purchasing an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor in the second quarter worth $717,218,000. Finally, Norges Bank acquired a new position in Ford Motor during the fourth quarter worth $674,437,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

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

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

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on F shares. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen raised their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Piper Sandler upped their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, BNP Paribas Exane raised their price target on Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $15.68.

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.