Bank of America Corp DE Increases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Bank of America Corp DE lifted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255,537 shares of the company's stock after buying an additional 81,548 shares during the quarter. Bank of America Corp DE owned about 0.08% of Honda Motor worth $35,846,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HMC. BNP Paribas Financial Markets boosted its holdings in shares of Honda Motor by 160.9% in the fourth quarter. BNP Paribas Financial Markets now owns 6,549 shares of the company's stock worth $187,000 after acquiring an additional 4,039 shares during the period. Westbourne Investments Inc. purchased a new position in Honda Motor during the 4th quarter valued at about $420,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Honda Motor during the fourth quarter valued at about $1,228,000. Lido Advisors LLC boosted its position in shares of Honda Motor by 2.1% in the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after acquiring an additional 385 shares during the period. Finally, Northern Trust Corp grew its stake in Honda Motor by 69.9% during the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after acquiring an additional 452,624 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Price Performance

NYSE:HMC traded up $0.08 during midday trading on Monday, hitting $29.26. The company had a trading volume of 513,490 shares, compared to its average volume of 1,072,006. The company has a market capitalization of $45.67 billion, a PE ratio of 6.80 and a beta of 0.55. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.05. The stock's fifty day moving average price is $28.96 and its 200-day moving average price is $28.02.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). The firm had revenue of $36.25 billion during the quarter, compared to analysts' expectations of $5,371.99 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. As a group, research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com cut shares of Honda Motor from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein started coverage on Honda Motor in a research note on Monday, April 14th. They issued a "market perform" rating on the stock.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.