Money Concepts Capital Corp Takes $613,000 Position in Honda Motor Co., Ltd. $HMC

Money Concepts Capital Corp purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,779 shares of the company’s stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HMC. JPMorgan Chase & Co. raised its holdings in Honda Motor by 189.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,038 shares of the company’s stock worth $10,596,000 after purchasing an additional 225,140 shares during the period. Envestnet Asset Management Inc. raised its holdings in Honda Motor by 28.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 512,054 shares of the company’s stock worth $15,771,000 after purchasing an additional 113,347 shares during the period. Caprock Group LLC bought a new position in Honda Motor in the 3rd quarter worth $1,891,000. Equity Investment Corp raised its holdings in Honda Motor by 1.4% in the 3rd quarter. Equity Investment Corp now owns 2,274,239 shares of the company’s stock worth $70,047,000 after purchasing an additional 30,712 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in Honda Motor in the 2nd quarter worth $261,000. 5.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley cut Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. BNP Paribas Exane initiated coverage on Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price target for the company. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Finally, Weiss Ratings lowered Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honda Motor currently has a consensus rating of “Reduce” and a consensus target price of $25.00.

Honda Motor Trading Up 1.1%

Shares of Honda Motor stock opened at $24.37 on Thursday. The firm has a market cap of $38.04 billion, a price-to-earnings ratio of 9.71 and a beta of 0.41. The business has a 50-day moving average price of $24.96 and a 200-day moving average price of $28.46. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. The firm had revenue of $29.99 billion during the quarter, compared to analyst estimates of $33.34 billion. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post -2.61 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.