Equity Investment Corp grew its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,198,541 shares of the company's stock after buying an additional 96,230 shares during the quarter. Equity Investment Corp owned 0.14% of Honda Motor worth $59,646,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in HMC. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Honda Motor during the 4th quarter valued at about $26,000. Bessemer Group Inc. raised its position in shares of Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after buying an additional 902 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after buying an additional 417 shares in the last quarter. National Bank of Canada FI raised its position in shares of Honda Motor by 277.7% during the 4th quarter. National Bank of Canada FI now owns 1,809 shares of the company's stock valued at $52,000 after buying an additional 1,330 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock valued at $53,000 after buying an additional 770 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.
Honda Motor Trading Down 1.2%
Honda Motor stock traded down $0.36 during midday trading on Friday, reaching $30.00. The stock had a trading volume of 608,274 shares, compared to its average volume of 1,084,575. The company has a quick ratio of 1.07, a current ratio of 1.36 and a debt-to-equity ratio of 0.55. The firm has a market cap of $46.83 billion, a price-to-earnings ratio of 8.60 and a beta of 0.49. The company has a fifty day moving average of $29.65 and a 200 day moving average of $28.96. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $33.72.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). The company had revenue of $36.25 billion during 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%. On average, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".
Read Our Latest Research Report on Honda Motor
Honda Motor Company Profile
(
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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