Sequoia Financial Advisors LLC Grows Position in Honda Motor Co., Ltd. $HMC

Sequoia Financial Advisors LLC grew its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 104.4% in the first quarter, Holdings Channel.com reports. The firm owned 51,167 shares of the company’s stock after buying an additional 26,134 shares during the period. Sequoia Financial Advisors LLC’s holdings in Honda Motor were worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of HMC. Royal Bank of Canada lifted its stake in shares of Honda Motor by 8.6% during the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock valued at $7,737,000 after buying an additional 22,479 shares in the last quarter. AQR Capital Management LLC raised its holdings in Honda Motor by 29.5% during the 1st quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock valued at $1,073,000 after acquiring an additional 9,001 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Honda Motor by 5.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after acquiring an additional 468 shares during the period. Millennium Management LLC lifted its position in shares of Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after acquiring an additional 100,330 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Honda Motor by 121.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after acquiring an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Honda Motor Stock Up 3.1%

Shares of NYSE:HMC opened at $28.76 on Friday. The firm has a fifty day moving average price of $26.70 and a two-hundred day moving average price of $27.41. The company has a market cap of $44.89 billion, a price-to-earnings ratio of -15.06, a PEG ratio of 4.82 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping 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. Analysts anticipate that Honda Motor Co., Ltd. will post 0.92 EPS 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.