Equity Investment Corp Acquires 27,965 Shares of Honda Motor Co., Ltd. $HMC

Equity Investment Corp increased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,302,204 shares of the company’s stock after purchasing an additional 27,965 shares during the period. Equity Investment Corp owned approximately 0.15% of Honda Motor worth $67,869,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HMC. Royal Bank of Canada increased its position in Honda Motor by 8.6% in the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after purchasing an additional 22,479 shares during the last quarter. AQR Capital Management LLC increased its position in Honda Motor by 29.5% in the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after purchasing an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Honda Motor by 5.8% during the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after buying an additional 468 shares during the period. Millennium Management LLC increased its position in Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after acquiring an additional 100,330 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Honda Motor by 121.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after acquiring an additional 1,161 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 3.7%

Shares of HMC opened at $27.07 on Friday. The firm has a market capitalization of $42.24 billion, a P/E ratio of -14.17, a P/E/G ratio of 4.49 and a beta of 0.44. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $25.25 and a 200-day moving average price of $27.91.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50. The firm had revenue of $36.81 billion during 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. Equities research analysts expect that Honda Motor Co., Ltd. will post 0.93 earnings per share for the current year.

Analysts Set New Price Targets

HMC has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. 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 price objective on the stock. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Finally, Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” 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.