Fisher Asset Management LLC Decreases Position in Honda Motor Co., Ltd. $HMC

Fisher Asset Management LLC trimmed its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 10,532,249 shares of the company’s stock after selling 40,256 shares during the quarter. Fisher Asset Management LLC’s holdings in Honda Motor were worth $310,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HMC. Mondrian Investment Partners LTD purchased a new stake in Honda Motor during the third quarter worth $136,637,000. Bank of America Corp DE boosted its position in Honda Motor by 34.8% during the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after purchasing an additional 1,083,245 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Honda Motor during the second quarter worth $12,987,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Honda Motor by 1,421.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock valued at $12,289,000 after acquiring an additional 389,442 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Honda Motor by 189.4% in the third quarter. JPMorgan Chase & Co. now owns 344,038 shares of the company’s stock valued at $10,596,000 after purchasing an additional 225,140 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HMC has been the subject of several research analyst reports. Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings lowered Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, BNP Paribas Exane initiated coverage on Honda Motor in a research note on Thursday, February 12th. They set an “underperform” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $25.00.

Honda Motor Trading Down 0.0%

NYSE:HMC opened at $26.47 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $24.70 and its two-hundred day moving average is $28.16. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The company has a market cap of $41.31 billion, a PE ratio of -13.86, a P/E/G ratio of 21.11 and a beta of 0.40.

Honda Motor (NYSE:HMC) last released its earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The company had revenue of $36.81 billion for 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. On average, analysts predict that Honda Motor Co., Ltd. will post 0.2 EPS for the current 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.