Corient IA LLC Invests $271,000 in Honda Motor Co., Ltd. $HMC

Key Points

• Corient IA LLC has acquired a new position in Honda Motor Co., purchasing 10,000 shares valued at approximately $271,000 during the first quarter.
• Several hedge funds have increased their stakes in Honda, with Northern Trust Corp boosting its position by 69.9% in the fourth quarter.
• Honda recently reported earnings of $0.97 per share, surpassing analysts' expectations, and has a consensus rating of "Hold" from five investment analysts.

Corient IA LLC purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company's stock, valued at approximately $271,000.

Several other institutional investors also recently bought and sold shares of HMC. Bessemer Group Inc. raised its position in Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after acquiring an additional 902 shares in the last quarter. Rothschild Investment LLC raised its position in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after acquiring an additional 417 shares in the last quarter. Rossby Financial LCC purchased a new position in Honda Motor during the first quarter valued at approximately $56,000. Caitong International Asset Management Co. Ltd raised its position in Honda Motor by 1,166.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock valued at $61,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after acquiring an additional 947 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Honda Motor Trading Up 2.0%

NYSE:HMC traded up $0.67 on Friday, reaching $34.59. The company's stock had a trading volume of 1,066,293 shares, compared to its average volume of 1,079,847. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm has a market cap of $53.99 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.70. The stock has a 50 day moving average price of $31.15 and a 200 day moving average price of $29.63.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The firm had revenue of $36.22 billion during the quarter, compared to analysts' expectations of $36.04 billion. On average, equities analysts anticipate 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.