Northern Trust Corp Purchases 11,114 Shares of Honda Motor Co., Ltd. $HMC

Key Points

• Northern Trust Corp increased its stake in Honda Motor Co., Ltd. by 1.0%, acquiring a total of 1,110,812 shares valued at approximately $30.1 million.
• Several institutional investors, including Allspring Global Investments and Bessemer Group, also increased their stakes in Honda Motor during the same period, highlighting growing interest in the company.
• Honda Motor recently reported earnings of $0.97 per share, significantly exceeding analysts' estimates of $0.51, contributing to a revenue of $36.22 billion for the quarter.

Northern Trust Corp grew its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,110,812 shares of the company's stock after purchasing an additional 11,114 shares during the period. Northern Trust Corp owned about 0.07% of Honda Motor worth $30,136,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HMC. Brooklyn Investment Group increased its holdings in shares of Honda Motor by 602.7% during the 1st quarter. Brooklyn Investment Group now owns 4,223 shares of the company's stock valued at $115,000 after acquiring an additional 3,622 shares during the last quarter. Corient IA LLC acquired a new stake in shares of Honda Motor during the 1st quarter worth approximately $271,000. Raymond James Financial Inc. grew its holdings in shares of Honda Motor by 4.5% during the 1st quarter. Raymond James Financial Inc. now owns 435,783 shares of the company's stock worth $11,823,000 after purchasing an additional 18,667 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Honda Motor by 5.8% during the 1st quarter. American Century Companies Inc. now owns 529,249 shares of the company's stock worth $14,359,000 after purchasing an additional 29,152 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Honda Motor during the 1st quarter worth approximately $234,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Up 1.7%

Shares of HMC stock traded up $0.59 on Thursday, hitting $34.13. 304,236 shares of the stock were exchanged, compared to its average volume of 1,061,509. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $53.26 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.11 and a beta of 0.52. The business has a 50-day moving average of $31.98 and a 200 day moving average of $29.99. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.70.

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. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The company had revenue of $36.22 billion during the quarter, compared to analysts' expectations of $36.04 billion. Equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.