Mainstay Capital Management LLC ADV Boosts Holdings in Ford Motor Company $F

Mainstay Capital Management LLC ADV raised its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 111.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,788 shares of the auto manufacturer's stock after purchasing an additional 65,638 shares during the period. Mainstay Capital Management LLC ADV's holdings in Ford Motor were worth $1,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedmont Private Capital lifted its position in shares of Ford Motor by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer's stock worth $374,000 after buying an additional 934 shares during the last quarter. Meriwether Wealth & Planning LLC lifted its position in shares of Ford Motor by 6.9% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer's stock worth $165,000 after buying an additional 985 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer's stock valued at $57,000 after purchasing an additional 989 shares during the last quarter. City Holding Co. raised its position in Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer's stock valued at $34,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its position in Ford Motor by 6.2% in the 2nd quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer's stock valued at $188,000 after purchasing an additional 1,006 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Ford Motor from $11.00 to $12.50 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Weiss Ratings reissued a "hold (c-)" rating on shares of Ford Motor in a research note on Saturday, September 27th. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Finally, Piper Sandler upped their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.04.

Ford Motor Price Performance

Shares of NYSE F opened at $11.75 on Thursday. The stock has a market cap of $46.76 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.43 and a beta of 1.53. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.80. The company's 50-day moving average price is $11.65 and its 200 day moving average price is $10.86. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. As a group, research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend payout ratio is 76.92%.

About Ford Motor

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.

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