Honda Motor Co., Ltd. $HMC Stock: Total Clarity Wealth Management Inc. Lowers Holdings

Total Clarity Wealth Management Inc. cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 50.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,391 shares of the company’s stock after selling 18,939 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Honda Motor were worth $581,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. bought a new position in shares of Honda Motor in the 2nd quarter valued at $109,593,000. BlackRock Inc. lifted its position in shares of Honda Motor by 35.2% during the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after buying an additional 691,165 shares during the last quarter. XY Capital Ltd bought a new stake in shares of Honda Motor during the 2nd quarter worth $7,032,000. First Trust Advisors LP lifted its position in shares of Honda Motor by 16.5% during the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after buying an additional 197,431 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Honda Motor by 3.6% in the first quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock valued at $68,917,000 after buying an additional 99,301 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $33.65 on Thursday. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of -48.07 and a beta of 0.46. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.64. The company’s fifty day moving average is $32.60 and its 200 day moving average is $28.91. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The business had revenue of $37.27 billion during the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas Exane started coverage on Honda Motor in a research report on Friday, September 18th. They issued a “neutral” rating and a $34.00 target price on the stock. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.