Gibbs Wealth Management Purchases Shares of 25,314 Honda Motor Co., Ltd. $HMC

Gibbs Wealth Management acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,314 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HMC. WealthCollab LLC grew its stake in Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Honda Motor during the 3rd quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Honda Motor in the 2nd quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in Honda Motor in the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Honda Motor in the 4th quarter valued at about $33,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Trading Up 0.6%

NYSE:HMC opened at $28.16 on Friday. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89. The stock has a market cap of $43.96 billion, a P/E ratio of -14.75, a P/E/G ratio of 4.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.28. The stock has a 50-day simple moving average of $27.11 and a 200-day simple moving average of $27.36.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.