Oppenheimer Asset Management Inc. Lowers Holdings in Honda Motor Co., Ltd. $HMC

Oppenheimer Asset Management Inc. decreased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 63.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 21,211 shares of the company’s stock after selling 36,801 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Honda Motor were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HMC. WealthCollab LLC grew its holdings 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 purchasing an additional 365 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Honda Motor in the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. acquired a new position in Honda Motor in the second quarter valued at about $29,000. Financial Management Professionals Inc. lifted its position in Honda Motor by 38.2% in the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after buying an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Honda Motor by 121.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after buying an additional 1,161 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Honda Motor has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Stock Performance

NYSE HMC opened at $31.85 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. The company has a market cap of $49.71 billion, a P/E ratio of -45.50 and a beta of 0.42. The stock has a 50-day moving average of $28.47 and a two-hundred day moving average of $27.39. Honda Motor Co., Ltd. has a 1-year low of $23.25 and a 1-year high of $34.89.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The business had revenue of $37.27 billion for the quarter. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 1.3 EPS for the current year.

Honda Motor Profile

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.