M&T Bank Corp Invests $230,000 in Honda Motor Co., Ltd. (NYSE:HMC)

M&T Bank Corp acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,489 shares of the company's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Honda Motor by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company's stock valued at $317,000 after buying an additional 1,064 shares during the period. Raymond James Financial Inc. purchased a new stake in Honda Motor in the 4th quarter valued at about $11,909,000. Bessemer Group Inc. grew its holdings in Honda Motor by 460.2% in 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 during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Honda Motor by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company's stock valued at $343,000 after purchasing an additional 3,351 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in shares of Honda Motor during the 4th quarter worth about $3,964,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

HMC traded up $0.11 during trading on Tuesday, reaching $30.43. 725,982 shares of the company were exchanged, compared to its average volume of 1,081,636. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $33.72. The stock has a market cap of $47.49 billion, a P/E ratio of 8.72 and a beta of 0.49. The firm has a 50 day moving average of $29.65 and a 200 day moving average of $28.97. The company has a current ratio of 1.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results 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 the consensus estimate of $5,371.99 billion. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HMC. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein started coverage on Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating for the company. Finally, Wall Street Zen cut Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

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.