Honda Motor Co., Ltd. $HMC Stake Reduced by Equity Investment Corp

Key Points

• Equity Investment Corp cut its Honda Motor stake by 93.3% in the second quarter, selling 2.25 million shares and retaining 162,412 shares valued at approximately $4.4 million.
• Other institutional investors, including UBS Group, First Trust Advisors, Bank of America and Entropy Technologies, increased their positions; institutions collectively own 5.32% of Honda’s stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $25. Honda shares opened at $31.98, while the company reported quarterly revenue of $37.27 billion and EPS of $2.14.

Equity Investment Corp trimmed its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 93.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 162,412 shares of the company's stock after selling 2,254,569 shares during the quarter. Equity Investment Corp's holdings in Honda Motor were worth $4,403,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. UBS Group AG increased its stake in shares of Honda Motor by 126.0% in the fourth quarter. UBS Group AG now owns 397,086 shares of the company's stock valued at $11,706,000 after purchasing an additional 221,392 shares during the period. First Trust Advisors LP increased its position in Honda Motor by 16.5% in the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company's stock valued at $33,931,000 after acquiring an additional 197,431 shares during the period. Bank of America Corp DE increased its position in Honda Motor by 3.6% in 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 acquiring an additional 99,301 shares during the period. Sivia Capital Partners LLC bought a new stake in Honda Motor during the 2nd quarter valued at $261,000. Finally, Entropy Technologies LP boosted its position in Honda Motor by 363.3% during the 1st quarter. Entropy Technologies LP now owns 58,907 shares of the company's stock worth $1,432,000 after acquiring an additional 46,193 shares during the period. Institutional investors own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HMC. Zacks Research upgraded shares of Honda Motor from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Weiss Ratings downgraded shares of Honda Motor from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $25.00.

Honda Motor Price Performance

NYSE HMC opened at $31.98 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89. The company has a market cap of $49.92 billion, a PE ratio of -45.69 and a beta of 0.42. The stock's 50-day moving average price is $28.58 and its two-hundred day moving average price is $27.40.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The firm had revenue of $37.27 billion during the quarter. On average, analysts predict that Honda Motor Co., Ltd. will post 1.3 EPS for the current year.

Honda Motor Company 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.

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