Ritholtz Wealth Management Sells 21,162 Shares of Honda Motor Co., Ltd. $HMC

Ritholtz Wealth Management decreased its position in Honda Motor Co., Ltd. (NYSE:HMC) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,771 shares of the company’s stock after selling 21,162 shares during the quarter. Ritholtz Wealth Management’s holdings in Honda Motor were worth $2,207,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor during the third quarter worth about $26,000. WealthCollab LLC lifted its stake in Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor in the 2nd quarter valued at approximately $29,000. Sound Income Strategies LLC acquired a new position in Honda Motor during the 4th quarter worth approximately $33,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Honda Motor during the 4th quarter worth approximately $32,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 2.6%

NYSE HMC opened at $26.83 on Friday. 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 stock has a 50 day moving average of $25.73 and a 200-day moving average of $27.65. The company has a market cap of $41.88 billion, a PE ratio of -14.05, a PEG ratio of 4.50 and a beta of 0.44.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. The business had revenue of $36.81 billion for the quarter, compared to the consensus estimate 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. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 0.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HMC has been the topic of a number of recent research reports. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. 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. 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, 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 analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.