Dorsey & Whitney Trust CO LLC Makes New $220,000 Investment in Honda Motor Co., Ltd. $HMC

Key Points

• Dorsey & Whitney Trust CO LLC invested approximately $220,000 in Honda Motor Co., acquiring 8,126 shares in the first quarter.
• Honda Motor reported earnings of $0.97 per share for the recent quarter, outperforming analysts' expectations of $0.51 by a substantial margin.
• Institutional investors have shown strong interest in Honda, with several firms, including Allspring Global Investments and Bessemer Group, significantly increasing their holdings in the company.

Dorsey & Whitney Trust CO LLC acquired a new position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,126 shares of the company's stock, valued at approximately $220,000.

Several other large investors have also recently bought and sold shares of HMC. NewEdge Advisors LLC raised its position in Honda Motor by 14.4% in the fourth quarter. NewEdge Advisors LLC now owns 18,791 shares of the company's stock worth $536,000 after acquiring an additional 2,369 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Honda Motor in the fourth quarter valued at $3,949,000. CANADA LIFE ASSURANCE Co increased its position in shares of Honda Motor by 102.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,592 shares of the company's stock valued at $702,000 after buying an additional 12,421 shares in the last quarter. Stifel Financial Corp increased its position in shares of Honda Motor by 3.1% in the fourth quarter. Stifel Financial Corp now owns 97,979 shares of the company's stock valued at $2,797,000 after buying an additional 2,974 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Honda Motor by 69.9% in the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after buying an additional 452,624 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

Shares of HMC traded down $0.62 during trading hours on Friday, reaching $33.35. 259,105 shares of the company traded hands, compared to its average volume of 1,066,905. 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 stock has a market capitalization of $52.05 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.13 and a beta of 0.52. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.70. The stock has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $29.84.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.46. The business had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. As a group, research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.