Corebridge Financial Inc. Has $8.88 Million Stock Position in Ford Motor (NYSE:F)

Corebridge Financial Inc. lowered its position in shares of Ford Motor (NYSE:F - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,132 shares of the auto manufacturer's stock after selling 43,214 shares during the quarter. Corebridge Financial Inc.'s holdings in Ford Motor were worth $8,882,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in Ford Motor during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor during the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co acquired a new position in Ford Motor in the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC lifted its position in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock worth $33,000 after buying an additional 2,068 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

NYSE:F traded up $0.33 during trading hours on Monday, reaching $10.05. The company had a trading volume of 139,873,968 shares, compared to its average volume of 65,109,128. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a 50-day moving average of $9.75 and a two-hundred day moving average of $10.27. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The firm has a market capitalization of $39.81 billion, a PE ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59.

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Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's payout ratio is 41.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 price target on the stock. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and reduced their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Piper Sandler cut their target price on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.37.

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.