20,779 Shares in Honda Motor Co., Ltd. $HMC Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new position in Honda Motor Co., Ltd. (NYSE:HMC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,779 shares of the company’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its position in Honda Motor by 1.3% in the second quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after acquiring an additional 329 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Honda Motor by 4.0% in the third quarter. Checchi Capital Advisers LLC now owns 9,107 shares of the company’s stock worth $280,000 after acquiring an additional 348 shares in the last quarter. WealthCollab LLC grew its position in 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 in the last quarter. Rosenberg Matthew Hamilton grew its position in Honda Motor by 6.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 6,052 shares of the company’s stock worth $178,000 after acquiring an additional 376 shares in the last quarter. Finally, Allworth Financial LP grew its position in Honda Motor by 17.1% in the third quarter. Allworth Financial LP now owns 2,642 shares of the company’s stock worth $81,000 after acquiring an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Honda Motor stock opened at $24.37 on Thursday. The company has a 50 day moving average price of $24.96 and a 200-day moving average price of $28.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.36. Honda Motor Co., Ltd. has a fifty-two week low of $23.25 and a fifty-two week high of $34.89. The company has a market capitalization of $38.04 billion, a PE ratio of 9.71 and a beta of 0.41.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.24. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. The firm had revenue of $29.99 billion during the quarter, compared to the consensus estimate of $33.34 billion. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post -2.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

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