HighTower Advisors LLC lessened its position in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 34.3% in the 2nd quarter, Holdings Channel reports. The firm owned 33,802 shares of the company’s stock after selling 17,617 shares during the period. HighTower Advisors LLC’s holdings in Honda Motor were worth $916,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. WealthCollab LLC boosted its position 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 purchasing an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Honda Motor in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor in the 2nd quarter valued at $29,000. Financial Management Professionals Inc. increased its position in shares of Honda Motor by 38.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after buying an additional 518 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after buying an additional 1,161 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.
Honda Motor Stock Up 1.1%
Honda Motor stock opened at $31.56 on Friday. The company has a 50 day moving average of $28.37 and a 200-day moving average of $27.39. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The stock has a market capitalization of $49.26 billion, a PE ratio of -45.08 and a beta of 0.42.
Honda Motor (NYSE:HMC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The business had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 1.3 EPS for the current fiscal year.
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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