Ford Motor (NYSE:F) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in Ford Motor (NYSE:F) by 85.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 983,230 shares of the auto manufacturer’s stock after selling 5,744,614 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Ford Motor were worth $12,045,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Albion Financial Group UT acquired a new position in shares of Ford Motor during the fourth quarter worth about $25,000. Costello Asset Management INC increased its stake in shares of Ford Motor by 50.0% during the fourth quarter. Costello Asset Management INC now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,000 shares during the period. Graves Light Private Wealth Management Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Alpha DNA Investment Management LLC acquired a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Finally, RWM Asset Management LLC acquired a new position in shares of Ford Motor during the fourth quarter worth about $30,000. Institutional investors own 51.94% of the company’s stock.

In related news, insider Kiersten Robinson sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, June 4th. The shares were sold at an average price of $16.20, for a total transaction of $972,000.00. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $1,776,994.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

A number of research analysts have recently issued reports on F shares. Morgan Stanley boosted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “underweight” rating in a research note on Friday, May 28th. Wells Fargo & Company started coverage on shares of Ford Motor in a report on Monday, April 5th. They set an “overweight” rating and a $15.00 price objective on the stock. Wolfe Research raised shares of Ford Motor from a “peer perform” rating to an “outperform” rating and boosted their price objective for the stock from $13.00 to $15.00 in a report on Thursday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, June 4th. Finally, Bank of America reissued a “buy” rating and set a $14.50 price objective on shares of Ford Motor in a report on Wednesday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.96.

Shares of F opened at $15.11 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 3.04. The stock has a market capitalization of $60.31 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16. The firm’s 50 day moving average price is $12.84. Ford Motor has a 1 year low of $5.74 and a 1 year high of $16.45.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, April 27th. The auto manufacturer reported $0.89 EPS for the quarter, topping the consensus estimate of $0.16 by $0.73. Ford Motor had a net margin of 3.07% and a return on equity of 19.04%. The firm had revenue of $33.55 billion during the quarter, compared to analyst estimates of $32.72 billion. During the same quarter in the prior year, the business posted ($0.23) earnings per share. Ford Motor’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1 earnings per share for the current fiscal year.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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