Cerity Partners LLC Has $2.44 Million Position in Honda Motor Co., Ltd. (NYSE:HMC)

Cerity Partners LLC grew its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 63.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,084 shares of the company's stock after buying an additional 34,881 shares during the period. Cerity Partners LLC's holdings in Honda Motor were worth $2,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in Honda Motor by 11.0% in the 4th quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock worth $45,517,000 after purchasing an additional 158,072 shares during the period. Bank of America Corp DE boosted its stake 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 worth $35,846,000 after purchasing an additional 81,548 shares during the period. Northern Trust Corp boosted its stake in Honda Motor by 69.9% in 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 during the period. Arrowstreet Capital Limited Partnership acquired a new position in Honda Motor in the 4th quarter worth $23,272,000. Finally, American Century Companies Inc. boosted its stake in Honda Motor by 6.7% in the 4th quarter. American Century Companies Inc. now owns 500,097 shares of the company's stock worth $14,278,000 after purchasing an additional 31,267 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.

Analysts Set New Price Targets

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

Honda Motor Stock Up 13.1%

Shares of Honda Motor stock traded up $3.98 during trading hours on Wednesday, reaching $34.39. 3,757,967 shares of the company's stock were exchanged, compared to its average volume of 1,093,236. The company has a 50 day moving average of $29.76 and a two-hundred day moving average of $29.02. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.51. The company has a current ratio of 1.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The stock has a market cap of $53.67 billion, a P/E ratio of 9.85 and a beta of 0.49.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. The business had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. On average, sell-side 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.