Ballentine Partners LLC Acquires New Shares in Honda Motor Co., Ltd. (NYSE:HMC)

Ballentine Partners LLC acquired a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,213 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Honda Motor during the fourth quarter valued at approximately $23,272,000. Northern Trust Corp increased 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 valued at $31,396,000 after purchasing an additional 452,624 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Honda Motor during the 4th quarter worth $11,909,000. Tiger Pacific Capital LP bought a new stake in shares of Honda Motor during the 4th quarter worth $8,225,000. Finally, LMR Partners LLP boosted its holdings in shares of Honda Motor by 2,077.5% in the 4th quarter. LMR Partners LLP now owns 225,000 shares of the company's stock worth $6,424,000 after buying an additional 214,667 shares during the last quarter. Institutional investors own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

HMC has been the subject of a number of research analyst reports. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Honda Motor Stock Performance

Shares of HMC stock traded down $0.36 on Friday, hitting $30.00. 603,951 shares of the stock were exchanged, compared to its average volume of 1,084,743. The firm's 50 day moving average is $29.66 and its two-hundred day moving average is $28.95. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $33.72. The firm has a market capitalization of $46.83 billion, a PE ratio of 8.60 and a beta of 0.49. The company has a current ratio of 1.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). The business had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.