Sun Sep 15 14:13:25 UTC 2024: ## Ford Motor Sees Mixed Investor Activity as Bokf Na Cuts Stake
**New York, NY** – Investor sentiment towards Ford Motor (NYSE:F) remains mixed, with several notable changes to holdings in the second quarter. Bokf Na, a prominent investor, reduced its stake in the automaker by 4.1% during the period, selling 6,216 shares, according to a recent SEC filing. This move comes as other investors, including Norges Bank, Coatue Management LLC, Newport Trust Company LLC, and Fisher Asset Management LLC, increased their positions in Ford.
Meanwhile, Natixis dramatically boosted its stake by 1,930.4% in the first quarter, acquiring an additional 2,067,226 shares. However, despite these positive developments, institutional investors now own only 58.74% of the company’s stock.
Recent analyst reports offer a varied perspective on Ford’s future. StockNews.com upgraded the company from a “sell” to a “hold” rating, while Royal Bank of Canada downgraded the stock and lowered its price target. Deutsche Bank Aktiengesellschaft maintained a “hold” rating, while Wells Fargo & Company downgraded to an “underweight” rating. Morgan Stanley, however, remains optimistic, reiterating an “overweight” rating and setting a $16.00 price target.
Overall, analysts offer a “hold” rating for Ford, with an average price target of $12.95. The company’s shares opened at $10.69 on Friday, after reporting a disappointing second-quarter earnings miss.
Despite the mixed signals, Ford remains a significant player in the automotive industry, with its focus on trucks, commercial vehicles, SUVs, and Lincoln luxury vehicles. The company’s commitment to electric vehicles and its robust dividend payout of 5.61% suggest potential for continued growth in the future.
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