Cogent Private Wealth Inc. Makes New $1.20 Million Investment in Honda Motor Co., Ltd. $HMC

Cogent Private Wealth Inc. bought a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 4th quarter, HoldingsChannel.com reports. The firm bought 40,751 shares of the company’s stock, valued at approximately $1,201,000.

Several other institutional investors have also made changes to their positions in HMC. WealthCollab LLC boosted 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 valued at $26,000 after acquiring an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Honda Motor during the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Honda Motor during the 2nd quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Honda Motor during the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Honda Motor during the 4th quarter valued at about $33,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HMC has been the topic of several recent research reports. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. BNP Paribas Exane initiated coverage on shares of Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. Finally, Weiss Ratings lowered shares of Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $25.00.

Honda Motor Trading Down 2.8%

Shares of NYSE HMC opened at $26.25 on Tuesday. Honda Motor Co., Ltd. has a 1-year low of $23.25 and a 1-year high of $34.89. The company has a market cap of $40.97 billion, a PE ratio of -13.74, a P/E/G ratio of 21.52 and a beta of 0.40. 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 company has a 50-day moving average of $24.84 and a two-hundred day moving average of $28.05.

Honda Motor (NYSE:HMC) last announced 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. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The company had revenue of $36.81 billion during the quarter, compared to the consensus estimate of $32.99 billion. 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 0.2 earnings per share for the current fiscal 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.