Crossmark Global Holdings Inc. Decreases Stock Position in Honda Motor Co., Ltd. $HMC

Crossmark Global Holdings Inc. decreased its position in Honda Motor Co., Ltd. (NYSE:HMC) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,124 shares of the company’s stock after selling 20,762 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Honda Motor were worth $4,750,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Honda Motor by 14.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 15,011 shares of the company’s stock valued at $450,000 after purchasing an additional 1,867 shares during the period. RNC Capital Management LLC boosted its stake in shares of Honda Motor by 3.9% in the fourth quarter. RNC Capital Management LLC now owns 12,854 shares of the company’s stock valued at $379,000 after purchasing an additional 488 shares during the period. QRG Capital Management Inc. grew its holdings in Honda Motor by 12.3% during the 4th quarter. QRG Capital Management Inc. now owns 131,139 shares of the company’s stock valued at $3,866,000 after purchasing an additional 14,339 shares in the last quarter. Truist Financial Corp increased its stake in Honda Motor by 11.0% during the 4th quarter. Truist Financial Corp now owns 8,593 shares of the company’s stock worth $253,000 after buying an additional 849 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in Honda Motor during the 4th quarter worth $307,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HMC shares. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. BNP Paribas Exane initiated coverage on Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. Weiss Ratings cut Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Finally, Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $25.00.

Honda Motor Stock Performance

Shares of HMC stock opened at $24.53 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.36. The stock has a market capitalization of $38.28 billion, a price-to-earnings ratio of 9.77 and a beta of 0.41. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89. The company’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $28.66.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.The business had revenue of $29.99 billion during the quarter, compared to the consensus estimate of $33.34 billion. Equities analysts anticipate that Honda Motor Co., Ltd. will post -2.61 earnings per share for the current fiscal year.

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.