Ritholtz Wealth Management cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 18.9% during the first quarter, Holdings Channel reports. The fund owned 90,771 shares of the company’s stock after selling 21,162 shares during the quarter. Ritholtz Wealth Management’s holdings in Honda Motor were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in HMC. Advisory Services Network LLC lifted its holdings in Honda Motor by 1.3% during the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock valued at $787,000 after purchasing an additional 329 shares during the last quarter. WealthCollab LLC raised its position in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Honda Motor by 6.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 6,052 shares of the company’s stock valued at $178,000 after purchasing an additional 376 shares during the period. Allworth Financial LP lifted its stake in shares of Honda Motor by 17.1% during the 3rd quarter. Allworth Financial LP now owns 2,642 shares of the company’s stock worth $81,000 after buying an additional 385 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Honda Motor by 5.8% during the 4th quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock worth $214,000 after buying an additional 400 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on HMC shares. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Honda Motor currently has a consensus rating of “Hold” and an average target price of $25.00.
Honda Motor Price Performance
NYSE:HMC opened at $26.83 on Friday. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The firm has a market cap of $41.88 billion, a price-to-earnings ratio of -14.05, a P/E/G ratio of 4.50 and a beta of 0.44. The firm’s 50-day simple moving average is $25.73 and its 200 day simple moving average is $27.65. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.28.
Honda Motor (NYSE:HMC – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The firm had revenue of $36.81 billion during the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 0.93 earnings per share for the current year.
Honda Motor Company 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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