Brandes Investment Partners LP raised its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 6.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 953,081 shares of the company’s stock after buying an additional 57,039 shares during the quarter. Brandes Investment Partners LP’s holdings in Honda Motor were worth $28,097,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of HMC. WealthCollab LLC lifted its holdings in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Honda Motor during the third quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor during the second quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Honda Motor during the fourth quarter worth approximately $32,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Honda Motor during the fourth quarter worth approximately $33,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Stock Performance
Shares of NYSE HMC opened at $26.70 on Wednesday. The business has a fifty day simple moving average of $25.15 and a 200 day simple moving average of $27.94. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $41.67 billion, a price-to-earnings ratio of -13.98, a PEG ratio of 4.64 and a beta of 0.44. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89.
Wall Street Analysts Forecast Growth
HMC has been the subject of a number of research analyst reports. BNP Paribas Exane initiated coverage on Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price target for the company. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Honda Motor has a consensus rating of “Reduce” and a consensus price target of $25.00.
Get Our Latest Analysis on HMC
Honda Motor Profile
Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.
In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.
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