Cogent Private Wealth Inc. Makes New Investment in Honda Motor Co., Ltd. $HMC

Cogent Private Wealth Inc. bought a new position in Honda Motor Co., Ltd. (NYSE:HMC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,751 shares of the company’s stock, valued at approximately $1,201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HMC. WealthCollab LLC lifted its position in Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor during the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor during the 2nd quarter valued at $29,000. Lodestone Wealth Management LLC bought a new position in shares of Honda Motor during the 4th quarter valued at $32,000. Finally, Sound Income Strategies LLC bought a new position in shares of Honda Motor during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of HMC opened at $26.25 on Tuesday. The company has a market capitalization of $40.97 billion, a PE ratio of -13.74, a price-to-earnings-growth ratio of 21.52 and a beta of 0.40. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. The company’s fifty day moving average price is $24.84 and its 200 day moving average price is $28.05.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.74) by $1.50. The company had revenue of $36.81 billion for the quarter, compared to analyst estimates of $32.99 billion. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, analysts expect that Honda Motor Co., Ltd. will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HMC shares. Weiss Ratings downgraded shares of Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 16th. Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. BNP Paribas Exane started coverage on shares of Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price target on the stock. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target 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.