Money Concepts Capital Corp Raises Stock Holdings in Honda Motor Co., Ltd. $HMC

by · The Cerbat Gem

Money Concepts Capital Corp lifted its stake in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 111.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,914 shares of the company’s stock after buying an additional 23,135 shares during the quarter. Money Concepts Capital Corp’s holdings in Honda Motor were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HMC. WealthCollab LLC increased its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the third quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor during the second quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of Honda Motor in the fourth quarter worth approximately $32,000. Finally, Sound Income Strategies LLC bought a new position in shares of Honda Motor in the fourth quarter worth approximately $33,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Get Our Latest Research Report on Honda Motor

Honda Motor Price Performance

HMC stock traded up $0.33 during midday trading on Friday, hitting $27.92. The company’s stock had a trading volume of 872,827 shares, compared to its average volume of 1,770,983. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. Honda Motor Co., Ltd. has a 12 month low of $23.25 and a 12 month high of $34.89. The company has a 50 day moving average of $26.39 and a two-hundred day moving average of $27.48. The firm 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.

Honda Motor (NYSE:HMC – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $36.81 billion for the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, analysts expect that Honda Motor Co., Ltd. will post 0.92 EPS for the current year.

Honda Motor Company Profile

(Free Report)

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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