Ford Motor Co. (F), founded in 1903 by Henry Ford, transformed the American automobile industry and transportation for millions of Americans. Ford's highly efficient mass-production assembly lines, a new innovation, allowed Ford to manufacture the affordable and popular Model T automobile.
Today, Ford is one of the world's largest automobile manufacturers. Ford designs and manufactures a variety of cars, trucks, SUVs, electric vehicles and luxury vehicles. The company also provides financial services through Ford Motor Credit Company LLC and is now working to become a leader in intelligent vehicle and autonomous driving technologies.
Ford's largest shareholders include William Clay Ford, James D. Farley, James P. Hackett, Vanguard Group Inc., BlackRock Inc. (BLK) and Newport Trust Co.
Ford's 12-month net profit and revenue were $4.3 billion and $176.1 billion, respectively. This financial information is relevant through the fourth quarter of 2023. As of February 8, 2024, the company's market capitalization was approximately 51 billion.
- Founded by Henry Ford in 1903, Ford Motor Co. has made significant advancements in the American automobile industry.
- Ford is a global automotive powerhouse, with net profit of $4.3 billion and revenue of $176.1 billion in 2023.
- Among Ford's major shareholders are people such as William Clay Ford, James D. Farley, and Alexandra Ford English.
- Ford also has several institutional investors such as Vanguard Group Inc., BlackRock Inc. and State Street Corp.
The top 3 individual insider shareholders
Here are the top three individual insider shareholders of Ford stock. Note that these numbers represent actual ownership of the stock; it does not represent any contract or option agreement.
William Clay Ford, Jr.
As of 12/18/2023, William Clay Ford owned a total of 14,216,096 Ford shares, representing 0.04% of the company's total outstanding shares.
The great-grandson of company founder Henry Ford, Mr. Ford led the board as executive chairman since 2006 and as chairman from 1999 to 2006. During his tenure as chairman, he helped Ford weather the Great Recession of 2007-2009. , a period in which American rivals General Motors and Chrysler filed for bankruptcy. He was CEO of Ford from 2001 to 2006.
He first joined the company in 1979 and has since held positions in manufacturing, sales, marketing, product development and finance. During this period, Ford served on the company's national negotiating team during the Ford-United Auto Workers union negotiations in 1982; as head of business strategy for Ford Automotive Group in 1990, and helped develop guidelines for establishing manufacturing plants in emerging markets. During his tenure as CEO, he improved quality, reduced costs, introduced new products and took Ford from a $5.5 billion loss in 2001 to three consecutive years of profit.
“Insider” refers to individuals in management positions and board members, as well as individuals or entities owning more than 10% of the company's stock. In this context, this has nothing to do with insider trading.
James D. Farley, Jr.
As of March 2023, James D. Farley owns a total of 1,988,943 Ford shares, which represents less than 0.01% of the company's total outstanding shares.
Mr. Farley joined Ford in 2007 and is now Chief Operating Officer (COO). In addition to overseeing the company's global markets and automotive operations, Farley is leading several new initiatives, including Ford Smart Mobility, Ford Autonomous Vehicles and the company's partnership with Argo AI, an autonomous driving technology company.
During his 13 years at Ford, Farley held the following other positions: president of new business, technology and strategy; Executive Vice President and President of Global Markets; and executive vice president and president of Ford Europe, Middle East and Africa. He led the company's European operations to record profits and margins and increase sales. Prior to joining Ford, Farley was previously: Group Vice President and General Manager at Lexus, responsible for all sales, marketing and customer satisfaction; and group vice president at Toyota Motor Corp.
Alexandra Ford English
As of December 18, 2023, Alexandra Ford English owned 1,406,945 shares of Ford stock, also less than 0.01% of the total shares outstanding.
Ms. English, a member of the Ford Motor Company Board of Directors since May 2021, joined Ford in 2017. English has held various positions within the company, including global director of brand merchandising and roles in corporate strategy. autonomous vehicle business and operations.
English is actively engaged in philanthropic efforts, supporting organizations like the Children's Center of Detroit and Impact100. English holds degrees from Stanford University in human biology and Harvard Business School in business administration.
The 3 main institutional shareholders
Institutional investors own about half of the total shares outstanding at any given time. As of February 2024, institutions owned 54.36% of all Ford shares, although this amount fluctuates frequently.
Vanguard Group Inc.
Vanguard Group owns 339.9 million shares of Ford, representing 8.7% of the total shares outstanding. The company is primarily a mutual fund and ETF management company offering 422 funds to 50 million clients. The Vanguard S&P 500 ETF (VOO) is one of the company's largest exchange-traded funds (ETFs), with just over $1 billion in assets under management as of January 31, 2024. Ford represents 0 .12% of VOO's assets.
BlackRock owns 287 million shares of Ford, representing 7.3% of the total shares outstanding. The company is primarily a mutual fund and ETF management company with approximately $10 trillion in assets under management. The iShares Core S&P 500 ETF (IVV) is among BlackRock's largest ETFs with approximately $430 billion in assets under management. Ford represents 0.12% of IVV's holdings.
State Street Corp.
State Street Corp owned 167,767,216 shares of Ford stock as of September 30, 2023. This represents approximately 4.2% of the shares outstanding.
As of February 8, 2024, the most recent annual report filed by State Street Corp was for fiscal year 2022. In the report, the company reported $3.481 trillion in assets under management. One of the mutual fund company's ETFs is SPDR S&P 500 ETF Trust. The fund had assets under management of $487.7 billion as of February 7, 2024. Ford's weighting in the fund is approximately 0.12%.
What is Ford's history and heritage?
Ford Motor Company was founded by Henry Ford in 1903 and played an important role in revolutionizing the automobile industry with the introduction of assembly line manufacturing techniques.
How many employees work at Ford?
Ford employs approximately 177,000 people worldwide. Its global headquarters is in Dearborn, Michigan.
What are Ford's business segments?
In the company's 2023 financial statements, Ford distinguished different product lines. It segments its products into: Ford Blue, Ford Model e and Ford Pro; Ford Next; and Ford Credit. These segments were previously known as the automotive, mobility and credit segments.
Ford Motor Co., founded by Henry Ford in 1903, revolutionized the American automobile industry with its mass-production assembly lines, notably with the Model T automobile. Today, Ford is a global automobile giant producing a wide range of vehicles, including electric and luxury models. Major Ford shareholders include William Clay Ford, James D. Farley and James P. Hackett, as well as institutional investors like Vanguard Group Inc., BlackRock Inc. and State Street Corp.