Dodge & Cox has recently announced that it has increased stake in Honda Motor Co. Ltd. (NYSE:HMC) by 2.09%. After grabbing 45.27 million shares, the institutional investor is now in possession of 0.93 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 2.50% having worth around $1.2 billion. Moreover, Fisher Asset Management LLC increased its share by 0.14 million to have a control over 8.86 million shares. And Arrowstreet Capital LP raised its holdings to 0.57 million shares by acquiring 4.62 million shares or 0.26% of the stake.
Honda Motor Co. Ltd. (HMC) concluded trading on 05/24/23 at a closing price of $28.23, with 1.22 million shares of worth about $34.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.37% during that period and on Wednesday the price saw a loss of about -0.49%. Currently the company’s common shares owned by public are about 1.68B shares, out of which, 1.66B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the HMC stock and their offered price forecasts bring an average price target of $31.09. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $39.17 and could fall to a lowest price of $25.40. The stock’s current price level is 12.84% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.14% for the stock. However, touching the estimated high of $39.17 would mean a gain of 27.93% for the stock.
Dodge & Cox Stock Fund, Dodge & Cox Balanced Fund, and Pacer Fds. Tr. – Global Cash Cows are the top 3 mutual funds which are holding stakes in Honda Motor Co. Ltd. Dodge & Cox Stock Fund is currently holding 31.38 million shares of worth totaling $834.17 million. The company recently came buying 0.0 shares which brought its stake up to 1.73% of the company’s outstanding shares. Dodge & Cox Balanced Fund bought 1.18 million shares, after which its hold over company’s outstanding shares expand to 0.35%, leaving 6.24 million shares with the mutual fund that have a worth of about $165.97 million. Pacer Fds. Tr. – Global Cash Cows, after buying 0.52 million shares, have now control over 0.03% of the stake in the company. It holds 2780.0 shares of worth $13.76 million.
Honda Motor Co. Ltd. (NYSE: HMC) started trading at $28.44, above $0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 28.44, or with a loss of -0.49%. Stock saw a price change of 0.04% in past 5 days and over the past one month there was a price change of 9.12%. Year-to-date (YTD), HMC shares are showing a performance of 23.49% which increased to 11.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.43 but also hit the highest price of $28.71 during that period. The average intraday trading volume for Honda Motor Co. Ltd. shares is 1.01 million. The stock is currently trading 3.85% above its 20-day simple moving average (SMA20), while that difference is up 6.62% for SMA50 and it goes to 13.51% higher than SMA200.
Dodge & Cox acquired 45.27 million shares of Honda Motor Co. Ltd. having value of about $1.2 billion. Data submitted at the U.S SEC by Dodge & Cox revealed that the firm now holds 0.93 million shares in the company valued at close to $26145807.33, or have control over 2.09% stake in the company. Honda Motor Co. Ltd. (NYSE: HMC) currently have 1.68B outstanding shares and institutions hold larger chunk of about 5.50% of that. Holding of mutual funds in the company is about 2.40% while other institutional holders and individual stake holders have control over 2.76% and — of the stake respectively.
The stock has a current market capitalization of $51.26B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 9.56, while it has posted earnings per share of $2.95 in the same period. Its PEG reads 0.72 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HMC, volatility over the week remained 0.78% while standing at 1.06% over the month.
Analysts are in expectations that Honda Motor Co. Ltd. (HMC) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -0.30%. EPS is likely to grow at an annualized rate of 13.20% for next 5-years, compared to annual growth of -7.10% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Honda Motor Co. Ltd. (HMC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 20 Wall Street analysts, 10 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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