Dimensional Fund Advisors LP Sells 92,050 Shares of Honda Motor Co., Ltd. $HMC

Dimensional Fund Advisors LP cut its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,489,311 shares of the company’s stock after selling 92,050 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Honda Motor were worth $36,205,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Honda Motor by 8.6% in the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after purchasing an additional 22,479 shares during the period. AQR Capital Management LLC grew its stake in shares of Honda Motor by 29.5% in the 1st quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after acquiring an additional 9,001 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Honda Motor by 5.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after buying an additional 468 shares during the last quarter. Millennium Management LLC lifted its holdings in Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after acquiring an additional 100,330 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Honda Motor by 121.2% in the 1st 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 last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Shares of HMC opened at $30.11 on Wednesday. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. 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 $47.00 billion, a price-to-earnings ratio of -15.77 and a beta of 0.42. The business has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $27.34.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50. The business had revenue of $36.81 billion for the quarter, compared to analysts’ expectations 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. On average, analysts expect that Honda Motor Co., Ltd. will post 1.65 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

Honda Motor Company 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.