25,804 Shares in Honda Motor Co., Ltd. $HMC Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,804 shares of the company’s stock, valued at approximately $627,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Honda Motor by 189.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 344,038 shares of the company’s stock worth $10,596,000 after buying an additional 225,140 shares during the last quarter. UBS Group AG lifted its stake in Honda Motor by 126.0% in the fourth quarter. UBS Group AG now owns 397,086 shares of the company’s stock valued at $11,706,000 after buying an additional 221,392 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Honda Motor in the second quarter valued at approximately $261,000. American Century Companies Inc. boosted its holdings in shares of Honda Motor by 18.6% in the third quarter. American Century Companies Inc. now owns 705,318 shares of the company’s stock valued at $21,724,000 after acquiring an additional 110,421 shares during the period. Finally, Advisory Research Inc. boosted its holdings in shares of Honda Motor by 16.0% in the third quarter. Advisory Research Inc. now owns 144,865 shares of the company’s stock valued at $4,462,000 after acquiring an additional 19,972 shares during the period. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on HMC shares. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honda Motor currently has a consensus rating of “Hold” and an average price target of $25.00.

Honda Motor Trading Down 3.8%

Shares of HMC stock opened at $28.50 on Wednesday. The business’s 50 day moving average is $26.18 and its two-hundred day moving average is $27.51. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The company has a market capitalization of $44.49 billion, a P/E ratio of -14.92, a price-to-earnings-growth ratio of 5.12 and a beta of 0.43. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, topping the consensus estimate of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The business had revenue of $36.81 billion during the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Equities analysts forecast that Honda Motor Co., Ltd. will post 0.92 EPS for the current 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.