JPMorgan Chase & Co. Has $10.60 Million Stake in Honda Motor Co., Ltd. $HMC

JPMorgan Chase & Co. raised its position in Honda Motor Co., Ltd. (NYSE:HMC) by 189.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,038 shares of the company’s stock after buying an additional 225,140 shares during the quarter. JPMorgan Chase & Co.’s holdings in Honda Motor were worth $10,596,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Honda Motor in the third quarter valued at about $26,000. WealthCollab LLC raised 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 purchasing an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Honda Motor in the 2nd quarter worth about $29,000. Root Financial Partners LLC bought a new stake in Honda Motor in the 3rd quarter valued at about $46,000. Finally, New Millennium Group LLC acquired a new position in shares of Honda Motor during the 3rd quarter worth approximately $54,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $24.35 on Friday. The company’s 50 day moving average price is $28.97 and its two-hundred day moving average price is $30.18. The firm has a market capitalization of $38.00 billion, a P/E ratio of 9.70 and a beta of 0.37. Honda Motor Co., Ltd. has a fifty-two week low of $24.08 and a fifty-two week high of $34.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.36 and a quick ratio of 1.09.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.24. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.The company had revenue of $29.99 billion during the quarter, compared to the consensus estimate of $33.34 billion. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HMC. Nomura raised Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Wall Street Zen cut Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, BNP Paribas Exane began coverage on Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Honda Motor has a consensus rating of “Hold” and a consensus target price of $25.00.

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.