Kovitz Investment Group Partners LLC acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,724 shares of the company's stock, valued at approximately $1,051,000.
Other large investors have also bought and sold shares of the company. Bessemer Group Inc. raised its stake in Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after acquiring an additional 902 shares in the last quarter. Rothschild Investment LLC grew its holdings 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 purchasing an additional 417 shares during the last quarter. Rossby Financial LCC acquired a new position in Honda Motor during the 1st quarter worth approximately $56,000. Caitong International Asset Management Co. Ltd boosted its position in Honda Motor by 1,166.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock valued at $61,000 after buying an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock worth $75,000 after buying an additional 947 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on HMC shares. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Macquarie lowered Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".
Get Our Latest Research Report on HMC
Honda Motor Trading Up 2.0%
Shares of NYSE HMC traded up $0.67 during midday trading on Friday, reaching $34.59. The stock had a trading volume of 1,066,406 shares, compared to its average volume of 992,279. The company's 50 day moving average price is $31.26 and its 200 day moving average price is $29.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.70. The firm has a market cap of $53.99 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.02 and a beta of 0.52.
Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.46. The company had revenue of $36.22 billion during the quarter, compared to analysts' expectations of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.
About Honda Motor
(
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.
Further Reading
Before you consider Honda Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honda Motor wasn't on the list.
While Honda Motor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access