Equity Investment Corp Purchases 96,230 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp raised its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,198,541 shares of the company's stock after acquiring an additional 96,230 shares during the period. Equity Investment Corp owned approximately 0.14% of Honda Motor worth $59,646,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Honda Motor in the fourth quarter valued at about $11,909,000. EverSource Wealth Advisors LLC increased its holdings in Honda Motor by 14.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock valued at $117,000 after buying an additional 507 shares during the period. Farther Finance Advisors LLC raised its position in shares of Honda Motor by 70.1% in 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. Commonwealth Equity Services LLC lifted its holdings in shares of Honda Motor by 33.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,270 shares of the company's stock worth $921,000 after acquiring an additional 8,070 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Honda Motor during the 4th quarter worth approximately $412,000. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Honda Motor Price Performance

NYSE:HMC traded down $0.20 on Thursday, hitting $30.35. The company had a trading volume of 870,374 shares, compared to its average volume of 1,085,751. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $33.72. 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 capitalization of $47.37 billion, a price-to-earnings ratio of 8.69 and a beta of 0.49. The firm has a 50 day moving average of $29.66 and a two-hundred day moving average of $28.94.

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 for the quarter, compared to analyst estimates of $5,371.99 billion. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

About Honda Motor

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.