Equity Investment Corp Has $4.40 Million Stock Holdings in Honda Motor Co., Ltd. $HMC

Equity Investment Corp decreased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 93.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WealthCollab LLC increased its stake in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor in the third quarter valued at about $26,000. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor in the second quarter valued at about $29,000. Financial Management Professionals Inc. increased its position in Honda Motor by 38.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock worth $51,000 after purchasing an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised 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 in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of HMC opened at $31.98 on Wednesday. The company has a market capitalization of $49.92 billion, a PE ratio of -45.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89. The company’s fifty day moving average price is $28.58 and its 200 day moving average price is $27.40.

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

Analyst Upgrades and Downgrades

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

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.