Money Concepts Capital Corp Boosts Stake in Honda Motor Co., Ltd. $HMC

Money Concepts Capital Corp boosted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 111.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,914 shares of the company’s stock after buying an additional 23,135 shares during the period. Money Concepts Capital Corp’s holdings in Honda Motor were worth $1,068,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. WealthCollab LLC increased its stake in Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor during the 3rd quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Honda Motor in the second quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Honda Motor in the fourth quarter valued at $32,000. Finally, Sound Income Strategies LLC bought a new stake in Honda Motor in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HMC. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Finally, Weiss Ratings cut shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Trading Up 1.2%

Shares of NYSE HMC traded up $0.33 during trading hours on Friday, hitting $27.92. 872,827 shares of the company traded hands, compared to its average volume of 1,770,983. The company’s 50 day moving average price is $26.39 and its 200 day moving average price is $27.48. Honda Motor Co., Ltd. has a 12 month low of $23.25 and a 12 month high of $34.89. The stock has a market capitalization of $43.58 billion, a price-to-earnings ratio of -14.62, a price-to-earnings-growth ratio of 4.82 and a beta of 0.43. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. The company had revenue of $36.81 billion during the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 0.92 earnings per share for the current fiscal year.

About Honda Motor

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.