Sequoia Financial Advisors LLC Purchases 26,134 Shares of Honda Motor Co., Ltd. $HMC

Sequoia Financial Advisors LLC lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 104.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,167 shares of the company’s stock after purchasing an additional 26,134 shares during the period. Sequoia Financial Advisors LLC’s holdings in Honda Motor were worth $1,244,000 at the end of the most recent quarter.

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

Honda Motor Stock Up 3.1%

HMC opened at $28.76 on Friday. 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 market cap of $44.89 billion, a price-to-earnings ratio of -15.06, a PEG ratio of 4.82 and a beta of 0.43. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The company’s 50-day moving average price is $26.70 and its two-hundred day moving average price is $27.41.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.74) by $1.50. The company had revenue of $36.81 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts expect that Honda Motor Co., Ltd. will post 0.92 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research report 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. Finally, Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. One research 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 stock. According to data from MarketBeat, Honda Motor presently has a consensus rating of “Hold” and a consensus price target 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.