Renaissance Technologies LLC recently announced the acquisition of new stake in Honda Motor Co. Ltd. (NYSE:HMC). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.44% to 3.29 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 0.18% valued currently at $85.75 million. In addition, Orbis Investment Management Ltd. raised its holdings by 1.2 million to 2.14 million shares. And Parametric Portfolio Associates L… has lifted its position by 50.28% or 0.59 million shares – to 1.75 million shares.
With over 0.52 million Honda Motor Co. Ltd. (HMC) shares trading Thursday and a closing price of $25.83 on the day, the dollar volume was approximately $13.46 million. The shares have shown a negative weekly performance of -1.60% and its price on 07/02/20 gained nearly 1.81%. Currently, there are 1.74B common shares owned by the public and among those 1.60B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for HMC have a consensus price objective of $30.42. The analysts have set the share’s price value over the next 12 months at a high of $36.31 and a low of $23.27 should the stock experience a downside. Incidentally, analysts’ outlook for the Honda Motor Co. Ltd. stock is 1.00 for the next 12 months. The average price target is 20.86% above its last price level and an upside to the estimated low will see the stock lose -11.0% over that period. But an upside of 28.86% will see the stock hit the forecast high price target while mean target price for the stock is $30.94.
Insiders at the company have nil transactions over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC).
The top 3 mutual fund holders in Honda Motor Co. Ltd. are American Century Mid Cap Value Fu, First Trust Value Line Dividend I, and DFA International Core Equity Por. American Century Mid Cap Value Fu owns 2.61 million shares of the company’s stock, all valued at over $67.97 million. The company sold -0.24 million shares recently to bring their total holdings to about 0.14% of the shares outstanding. First Trust Value Line Dividend I bought 4082.0 shares to see its total holdings expand to 1.77 million shares valued at over $46.15 million and representing 0.10% of the shares outstanding. DFA International Core Equity Por has total holdings to over 0.41 million shares at a value of $10.68 million. DFA International Core Equity Por now owns shares totaling to 0.02% of the shares outstanding.
Shares of Honda Motor Co. Ltd. (NYSE: HMC) opened at $25.87, up $0.5 from a prior closing price of $25.37. However, the script later closed the day at $25.83, up 1.81%. The company’s stock has a 5-day price change of -1.60% and 23.71% over the past three months. HMC shares are trading -8.76% year to date (YTD), with the 12-month market performance down to -0.88% lower. It has a 12-month low price of $19.38 and touched a high of $29.44 over the same period. Currently, 0.52 million shares have been traded, compared to an average intraday trading volume of 984.55K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.28%, 3.00%, and -0.45% respectively.
Institutional ownership of Honda Motor Co. Ltd. (NYSE: HMC) shares accounts for 2.10% of the company’s 1.74B shares outstanding. Mutual fund holders own 0.45%, while other institutional holders and individual stakeholders account for 1.46% and — respectively.
It has a market capitalization of $45.31B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 10.72, while the earnings-per-share (ttm) stands at $2.41. The company has a PEG of 3.35 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 1.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.41% over the week and 1.70% over the month.
Earnings per share for the fiscal year are expected to decrease by -24.80%, and 46.92% over the next financial year. EPS should grow at an annualized rate of 3.20% over the next five years, compared to -1.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Honda Motor Co. Ltd. (HMC) as a “Strong Buy” at a consensus score of 1.00. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 4 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HMC, a number of firms have released research notes about the stock. CLSA stated their Underperform rating for the stock in a research note on May 12, 2020. Goldman coverage for the Honda Motor Co. Ltd. (HMC) stock in a research note released on April 13, 2020 offered a Buy rating with a price target of . UBS was of a view on March 31, 2020 that the stock is Buy, while BofA/Merrill gave the stock Buy rating on March 23, 2020 . CLSA on their part issued Outperform rating on October 21, 2019.