Gilman Hill Asset Management LLC Purchases 9,810 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Gilman Hill Asset Management LLC raised its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,950 shares of the company's stock after acquiring an additional 9,810 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Honda Motor were worth $4,801,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new stake in Honda Motor in the 4th quarter valued at $23,272,000. Northern Trust Corp lifted its position in shares of Honda Motor by 69.9% during the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after acquiring an additional 452,624 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Honda Motor during the 4th quarter worth $11,909,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Honda Motor by 153.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after purchasing an additional 404,883 shares during the period. Finally, Tiger Pacific Capital LP acquired a new position in Honda Motor in the fourth quarter valued at about $8,225,000. Institutional investors and hedge funds own 5.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HMC shares. Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Finally, Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Honda Motor Price Performance

NYSE:HMC traded up $0.45 during trading hours on Friday, hitting $29.25. The company's stock had a trading volume of 475,146 shares, compared to its average volume of 1,057,671. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The company has a market capitalization of $45.66 billion, a P/E ratio of 6.80 and a beta of 0.54. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $33.72. The stock has a fifty day simple moving average of $29.06 and a 200-day simple moving average of $28.22.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share 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 analyst estimates of $5,371.99 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. On average, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.