Honda Motor Co., Ltd. $HMC Stock Holdings Lifted by Bank of America Corp DE

Key Points

• Bank of America increased its Honda Motor stake by 3.6% in the first quarter, adding 99,301 shares to own 2.83 million shares valued at approximately $68.9 million. Institutional investors and hedge funds collectively own 5.32% of HMC.
• Honda reported quarterly revenue of $37.27 billion and earnings of $2.14 per share, though it posted a negative net margin of 0.73% and negative return on equity of 1.30%.
• Analyst sentiment remains mixed but averages a “Hold” rating, with one Strong Buy, two Holds, and two Sells; the average price target is $25, below the stock’s reported $31.70 opening price.

Bank of America Corp DE raised its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,834,932 shares of the company's stock after purchasing an additional 99,301 shares during the period. Bank of America Corp DE owned 0.18% of Honda Motor worth $68,917,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HMC. WealthCollab LLC raised its position in Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Honda Motor in the third quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor in the second quarter worth approximately $29,000. Sound Income Strategies LLC acquired a new position in shares of Honda Motor during the 4th quarter worth $33,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company's stock worth $57,000 after purchasing an additional 1,161 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Performance

HMC opened at $31.70 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average price is $28.03 and its two-hundred day moving average price is $27.35. The firm has a market capitalization of $49.48 billion, a P/E ratio of -45.29 and a beta of 0.42. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89.

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

Analyst Ratings Changes

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

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.

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