Royal Bank of Canada Boosts Stake in Honda Motor Co., Ltd. $HMC

Royal Bank of Canada lifted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 13.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 401,613 shares of the company’s stock after purchasing an additional 47,382 shares during the quarter. Royal Bank of Canada’s holdings in Honda Motor were worth $9,763,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HMC. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the third quarter worth approximately $26,000. WealthCollab LLC increased its position in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor during the 2nd quarter worth approximately $29,000. Sound Income Strategies LLC purchased a new position in shares of Honda Motor during the 4th quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. lifted its position 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 valued at $57,000 after buying an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in 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. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.00.

Honda Motor Price Performance

Honda Motor stock opened at $31.83 on Monday. The company has a fifty day simple moving average of $27.93 and a 200-day simple moving average of $27.34. The firm has a market capitalization of $49.68 billion, a price-to-earnings ratio of -45.47 and a beta of 0.42. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89.

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