Ballentine Partners LLC bought a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,213 shares of the company's stock, valued at approximately $250,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lido Advisors LLC lifted its stake in shares of Honda Motor by 2.1% in the 4th quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock worth $535,000 after purchasing an additional 385 shares during the period. Rothschild Investment LLC boosted its position in shares of Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after purchasing an additional 417 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Honda Motor by 17.7% in the first quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock worth $80,000 after purchasing an additional 444 shares during the period. Bruce G. Allen Investments LLC boosted its position in shares of Honda Motor by 9.7% in the first quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company's stock worth $169,000 after purchasing an additional 549 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Honda Motor by 4.9% in the first quarter. Park Avenue Securities LLC now owns 14,459 shares of the company's stock worth $392,000 after purchasing an additional 678 shares during the period. 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. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, Honda Motor currently has an average rating of "Hold".
Read Our Latest Report on HMC
Honda Motor Trading Down 1.2%
Shares of NYSE:HMC traded down $0.36 on Friday, hitting $30.00. 608,274 shares of the company's stock were exchanged, compared to its average volume of 1,084,575. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $33.72. The stock has a market capitalization of $46.83 billion, a price-to-earnings ratio of 8.60 and a beta of 0.49. The business's 50 day simple moving average is $29.65 and its two-hundred day simple moving average is $28.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07.
Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The firm had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. Analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.
Honda Motor Profile
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Free Report)
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.
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