Ford Motor’s (F:NYE) recent 13F filing with the Securities and Exchange Commission showed that Kingsview Wealth Management LLC increased its stake in the automaker by 38.8% in the third quarter, holding 119,135 Ford stock shares valued at $1,334,000.
Meanwhile, other institutional investors and hedge funds made changes to their holdings in Ford Motor during the first quarter. Among them were RB Capital Management LLC, which raised its stake by 14.6% and now holds 27,339 shares, and Canada Pension Plan Investment Board, which increased its stake by 3% and now holds 564,002 shares.
Insider transactions were also reported, with CFO John T. Lawler selling 29,821 shares, while Ashwani Kumar Galhotra sold 24,850 Ford stock shares.
The automaker recently reported Q4 2022 earnings of $0.51 per share and revenue of $41.80 billion, missing the consensus estimate of $0.60 per share. The company also announced a quarterly dividend of $0.15 per share, which was paid on March 1, 2023.
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. It also engages in vehicle-related financing and leasing activities to and through automotive dealers. In addition, the company provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers.
Further, it offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was incorporated in 1903 and is based in Dearborn, Michigan.
