Brandes Investment Partners LP Purchases 57,039 Shares of Honda Motor Co., Ltd. $HMC

Brandes Investment Partners LP lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 953,081 shares of the company’s stock after buying an additional 57,039 shares during the quarter. Brandes Investment Partners LP owned about 0.06% of Honda Motor worth $28,097,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Honda Motor by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,572,505 shares of the company’s stock valued at $325,633,000 after buying an additional 205,016 shares in the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Honda Motor in the 3rd quarter valued at approximately $136,637,000. Bank of America Corp DE grew its stake in shares of Honda Motor by 34.8% in the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after buying an additional 1,083,245 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Honda Motor by 18.6% in the 3rd quarter. American Century Companies Inc. now owns 705,318 shares of the company’s stock valued at $21,724,000 after buying an additional 110,421 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Honda Motor by 11.3% in the 3rd quarter. Raymond James Financial Inc. now owns 514,818 shares of the company’s stock valued at $15,856,000 after buying an additional 52,267 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

HMC has been the subject of several recent research reports. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Morgan Stanley cut Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Finally, BNP Paribas Exane began coverage on Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $25.00.

Honda Motor Stock Down 1.0%

Shares of Honda Motor stock opened at $26.70 on Wednesday. The stock has a market capitalization of $41.67 billion, a P/E ratio of -13.98, a PEG ratio of 4.64 and a beta of 0.44. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $25.15 and a two-hundred day moving average price of $27.94. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Equities analysts expect that Honda Motor Co., Ltd. will post 0.93 earnings per share for the current year.

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.