Honda Motor Co., Ltd. $HMC Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Honda Motor Co., Ltd. by 45.4% in Q1, bringing its holdings to 127,803 shares valued at approximately $3.47 million.
• Other hedge funds also raised their stakes, including Bessemer Group, which lifted its stake by 460.2%, resulting in ownership of 1,098 shares valued at $30,000.
• Honda reported $0.97 earnings per share for Q2, significantly surpassing analysts' expectations of $0.51.

Charles Schwab Investment Management Inc. increased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 45.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,803 shares of the company's stock after purchasing an additional 39,879 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Honda Motor were worth $3,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HMC. Northern Trust Corp raised its holdings 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 during the last quarter. Tiger Pacific Capital LP purchased a new stake in Honda Motor during the 4th quarter valued at approximately $8,225,000. LMR Partners LLP lifted its position in Honda Motor by 2,077.5% during the 4th quarter. LMR Partners LLP now owns 225,000 shares of the company's stock worth $6,424,000 after acquiring an additional 214,667 shares during the period. GAMMA Investing LLC lifted its position in Honda Motor by 4,016.7% during the 1st quarter. GAMMA Investing LLC now owns 141,944 shares of the company's stock worth $38,510,000 after acquiring an additional 138,496 shares during the period. Finally, Equity Investment Corp grew its stake in shares of Honda Motor by 4.6% in the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company's stock valued at $59,646,000 after purchasing an additional 96,230 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on HMC shares. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, Zacks Research downgraded shares of Honda Motor from a "hold" rating to a "strong sell" rating in a research report on Monday. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce".

Honda Motor Price Performance

NYSE HMC traded down $0.15 during trading hours on Wednesday, reaching $33.58. The company's stock had a trading volume of 369,251 shares, compared to its average volume of 1,063,515. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The company's 50-day moving average is $31.89 and its two-hundred day moving average is $29.96. 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 market cap of $52.41 billion, a PE ratio of 11.62, a PEG ratio of 1.11 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The business had revenue of $36.22 billion during the quarter, compared to analysts' expectations of $36.04 billion. Analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS 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.