JPMorgan Chase & Co. Acquires 225,140 Shares of Honda Motor Co., Ltd. $HMC

JPMorgan Chase & Co. grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 189.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 344,038 shares of the company’s stock after purchasing an additional 225,140 shares during the quarter. JPMorgan Chase & Co.’s holdings in Honda Motor were worth $10,596,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HMC. WealthCollab LLC lifted its stake in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Honda Motor in the third quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor during the 2nd quarter worth about $29,000. Root Financial Partners LLC bought a new stake in Honda Motor during the 3rd quarter worth about $46,000. Finally, New Millennium Group LLC acquired a new position in Honda Motor during the 3rd quarter valued at about $54,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of HMC stock opened at $24.35 on Friday. 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 52 week low of $24.08 and a 52 week high of $34.89. The company’s 50 day moving average price is $28.97 and its two-hundred day moving average price is $30.18. The company has a market capitalization of $38.00 billion, a P/E ratio of 9.70 and a beta of 0.37.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.24. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.The company had revenue of $29.99 billion during the quarter, compared to analysts’ expectations of $33.34 billion. On average, analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. BNP Paribas Exane initiated coverage on shares of Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price for the company. Wall Street Zen downgraded Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Finally, Nomura raised Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.00.

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.