LFG Wealth Partners LLC bought a new position in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 49,126 shares of the company’s stock, valued at approximately $1,448,000.
Several other large investors have also added to or reduced their stakes in HMC. Royal Bank of Canada raised its position in shares of Honda Motor by 8.6% during the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock valued at $7,737,000 after purchasing an additional 22,479 shares during the period. AQR Capital Management LLC grew its position in shares of Honda Motor by 29.5% during the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after purchasing an additional 9,001 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Honda Motor by 5.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after purchasing an additional 468 shares during the period. Millennium Management LLC lifted its holdings in Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after purchasing an additional 100,330 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after buying an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.
Honda Motor Price Performance
HMC opened at $26.97 on Tuesday. The stock has a market cap of $42.09 billion, a P/E ratio of -14.12, a PEG ratio of 4.55 and a beta of 0.44. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89. The business has a fifty day moving average of $25.35 and a 200 day moving average of $27.86.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $25.00.
Check Out Our Latest Analysis on Honda Motor
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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