Royal Fund Management LLC Trims Holdings in Honda Motor Co., Ltd. $HMC

Royal Fund Management LLC trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 56.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,528 shares of the company’s stock after selling 44,179 shares during the quarter. Royal Fund Management LLC’s holdings in Honda Motor were worth $815,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock valued at $68,917,000 after buying an additional 99,301 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Honda Motor during the first quarter valued at about $219,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Honda Motor by 38.1% in the first quarter. EverSource Wealth Advisors LLC now owns 13,745 shares of the company’s stock worth $334,000 after buying an additional 3,793 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Honda Motor by 13.4% in the first quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after buying an additional 47,382 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Honda Motor in the first quarter valued at approximately $258,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

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

Honda Motor Stock Up 0.2%

Shares of NYSE HMC opened at $30.75 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $27.47 and a 200-day moving average of $27.36. The firm has a market capitalization of $47.99 billion, a price-to-earnings ratio of -16.10, a PEG ratio of 2.97 and a beta of 0.43. Honda Motor Co., Ltd. has a 12 month low of $23.25 and a 12 month high of $34.89.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share 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 business 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. Sell-side analysts expect that Honda Motor Co., Ltd. will post 1.65 earnings per share 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.