Mizuho Securities USA LLC Reduces Stake in Ford Motor Company (NYSE:F)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Ford Motor Company by 15.8% in the first quarter, owning 311,679 shares worth approximately $3.13 million as of their latest filing.
• Ford Motor Company has announced a quarterly dividend of $0.15 per share, which equates to an annualized dividend yield of 5.3%, with the payment scheduled for September 2nd.
• Ford's recent earnings report showed an EPS of $0.37, exceeding forecasts, and the company generated revenue of $50.18 billion, representing a 5% increase year-over-year.

Mizuho Securities USA LLC lowered its stake in Ford Motor Company (NYSE:F - Free Report) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 311,679 shares of the auto manufacturer's stock after selling 58,278 shares during the period. Mizuho Securities USA LLC's holdings in Ford Motor were worth $3,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after acquiring an additional 48,378,444 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after acquiring an additional 10,947,527 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after acquiring an additional 10,535,335 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Ford Motor by 2,905.1% during the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after acquiring an additional 7,723,601 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler boosted their price objective on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Jefferies Financial Group upped their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Three 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.53.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.48% of the company's stock.

Ford Motor Price Performance

Shares of F traded up $0.10 during midday trading on Tuesday, hitting $11.24. 63,929,311 shares of the company traded hands, compared to its average volume of 69,794,448. The firm has a market cap of $44.73 billion, a P/E ratio of 14.41, a PEG ratio of 3.22 and a beta of 1.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a 50-day moving average of $11.03 and a 200-day moving average of $10.26. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is currently 76.92%.

Ford Motor Company Profile

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.