Northwestern Mutual Wealth Management Co. Has $12.29 Million Stock Position in Honda Motor Co., Ltd. $HMC

Northwestern Mutual Wealth Management Co. increased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 1,421.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 416,848 shares of the company’s stock after buying an additional 389,442 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Honda Motor were worth $12,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HMC. Mondrian Investment Partners LTD acquired a new position in shares of Honda Motor in the third quarter worth approximately $136,637,000. Bank of America Corp DE lifted its stake in shares of Honda Motor by 34.8% in the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after acquiring an additional 1,083,245 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Honda Motor in the second quarter worth approximately $12,987,000. JPMorgan Chase & Co. lifted its stake in shares of Honda Motor by 189.4% in the third quarter. JPMorgan Chase & Co. now owns 344,038 shares of the company’s stock worth $10,596,000 after acquiring an additional 225,140 shares during the period. Finally, UBS Group AG lifted its stake in shares of Honda Motor by 126.0% in the fourth quarter. UBS Group AG now owns 397,086 shares of the company’s stock worth $11,706,000 after acquiring an additional 221,392 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings lowered Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. BNP Paribas Exane assumed coverage on Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective on the stock. Finally, Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Honda Motor has a consensus rating of “Reduce” and an average price target of $25.00.

Honda Motor Trading Up 1.6%

Shares of HMC stock opened at $26.30 on Friday. The company has a market cap of $41.04 billion, a P/E ratio of -13.77, a PEG ratio of 20.63 and a beta of 0.40. The stock has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $28.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.09 and a current ratio of 1.28. Honda Motor Co., Ltd. has a fifty-two week low of $23.25 and a fifty-two week high of $34.89.

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 during the quarter, compared to the consensus estimate 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. Research analysts forecast that Honda Motor Co., Ltd. will post 0.2 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.