Ford Motor Company (NYSE:F) Holdings Trimmed by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV lessened its stake in Ford Motor Company (NYSE:F - Free Report) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,150 shares of the auto manufacturer's stock after selling 23,440 shares during the period. Mainstay Capital Management LLC ADV's holdings in Ford Motor were worth $593,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in F. Vanguard Group Inc. raised its stake in Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after purchasing an additional 2,089,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after acquiring an additional 4,925,993 shares in the last quarter. Norges Bank purchased a new stake in Ford Motor during the 4th quarter valued at about $387,282,000. Finally, Northern Trust Corp lifted its holdings in shares of Ford Motor by 11.0% in the 4th quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer's stock worth $369,417,000 after acquiring an additional 3,699,857 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

Insiders Place Their Bets

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays increased their target price on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday. Piper Sandler boosted their target price on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. UBS Group upped their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Citigroup boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ford Motor has an average rating of "Hold" and an average price target of $10.37.

Ford Motor Stock Up 2.0%

Shares of NYSE:F traded up $0.23 during midday trading on Monday, hitting $11.39. 48,648,996 shares of the stock were exchanged, compared to its average volume of 83,416,315. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The business's fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $10.13. The company has a market capitalization of $45.27 billion, a PE ratio of 9.12, a P/E/G ratio of 0.95 and a beta of 1.49. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.18.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company's quarterly revenue was down 6.2% on a year-over-year basis. As a group, research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.27%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

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.