Waverly Advisors LLC Takes $289,000 Position in Honda Motor Co., Ltd. (NYSE:HMC)

Waverly Advisors LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,130 shares of the company's stock, valued at approximately $289,000.

A number of other large investors also recently made changes to their positions in HMC. First Trust Advisors LP lifted its holdings in shares of Honda Motor by 11.0% during the fourth quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock worth $45,517,000 after buying an additional 158,072 shares in the last quarter. Bank of America Corp DE boosted its holdings in Honda Motor by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock valued at $35,846,000 after purchasing an additional 81,548 shares during the period. Northern Trust Corp grew its position in shares of Honda Motor by 69.9% during the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock worth $31,396,000 after purchasing an additional 452,624 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Honda Motor during the fourth quarter worth approximately $23,272,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Honda Motor by 153.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after buying an additional 404,883 shares in the last quarter. Institutional investors own 5.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein began coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. Finally, Wall Street Zen cut shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday.

Honda Motor Price Performance

Shares of HMC stock traded down $0.27 on Wednesday, reaching $29.57. The company had a trading volume of 634,598 shares, compared to its average volume of 1,067,386. The business's 50-day moving average is $28.94 and its 200 day moving average is $28.06. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $33.96. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $46.15 billion, a PE ratio of 6.88 and a beta of 0.54.

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

Honda Motor Company Profile

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.