Mahindra & Mahindra (NSEI:M&M) Price Target Increased by 5.68% to 1,903.06

The average one-year price target for Mahindra & Mahindra (NSEI:M&M) has been revised to 1,903.06 / share. This is an increase of 5.68% from the prior estimate of 1,800.77 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 1,215.03 to a high of 2,336.25 / share. The average price target represents a decrease of 1.41% from the latest reported closing price of 1,930.20 / share.

Mahindra & Mahindra Maintains 0.84% Dividend Yield

At the most recent price, the company's dividend yield is 0.84%.

Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 5.91%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 231 funds or institutions reporting positions in Mahindra & Mahindra. This is an increase of 11 owner(s) or 5.00% in the last quarter. Average portfolio weight of all funds dedicated to M&M is 0.65%, an increase of 5.61%. Total shares owned by institutions increased in the last three months by 7.84% to 115,312K shares.

What are Other Shareholders Doing?

IN:M&M / Mahindra & Mahindra Limited Shares Held by Institutions

VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 12,826K shares representing 1.15% ownership of the company. In it's prior filing, the firm reported owning 12,865K shares, representing a decrease of 0.31%. The firm increased its portfolio allocation in M&M by 10.29% over the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 12,734K shares representing 1.14% ownership of the company. In it's prior filing, the firm reported owning 12,543K shares, representing an increase of 1.50%. The firm increased its portfolio allocation in M&M by 10.02% over the last quarter.

IEMG - iShares Core MSCI Emerging Markets ETF holds 8,566K shares representing 0.77% ownership of the company. In it's prior filing, the firm reported owning 8,551K shares, representing an increase of 0.18%. The firm increased its portfolio allocation in M&M by 3.24% over the last quarter.

INDA - iShares MSCI India ETF holds 5,577K shares representing 0.50% ownership of the company. In it's prior filing, the firm reported owning 5,603K shares, representing a decrease of 0.47%. The firm decreased its portfolio allocation in M&M by 3.24% over the last quarter.

QCSTRX - Stock Account Class R1 holds 4,917K shares representing 0.44% ownership of the company. In it's prior filing, the firm reported owning 4,009K shares, representing an increase of 18.45%. The firm increased its portfolio allocation in M&M by 36.11% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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