Raymond James Financial Inc. Purchases 18,667 Shares of Honda Motor Co., Ltd. $HMC

Key Points

• Raymond James Financial Inc. increased its stake in Honda Motor Co., Ltd. by 4.5%, owning 435,783 shares worth approximately $11.82 million after acquiring an additional 18,667 shares.
• Several other institutional investors, including Equity Investment Corp. and Bank of America Corp DE, also raised their stakes in Honda Motor, reflecting increased interest and confidence in the stock.
• Honda Motor reported a positive earnings result for the quarter, with earnings per share of $0.97, surpassing analyst expectations, and revenue of $36.22 billion, above the consensus estimate.

Raymond James Financial Inc. grew its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435,783 shares of the company's stock after buying an additional 18,667 shares during the quarter. Raymond James Financial Inc.'s holdings in Honda Motor were worth $11,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lido Advisors LLC grew its holdings in shares of Honda Motor by 2.1% during the 4th quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after purchasing an additional 385 shares during 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. Hexagon Capital Partners LLC grew its holdings in shares of Honda Motor by 17.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after purchasing an additional 444 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Honda Motor by 9.2% during the 1st quarter. Harbour Investments Inc. now owns 6,142 shares of the company's stock valued at $167,000 after purchasing an additional 520 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Honda Motor by 9.7% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company's stock valued at $169,000 after purchasing an additional 549 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Trading Up 1.7%

Shares of NYSE:HMC traded up $0.57 during trading on Thursday, reaching $34.11. The stock had a trading volume of 294,010 shares, compared to its average volume of 1,061,440. The firm's fifty day moving average is $31.98 and its 200 day moving average is $29.99. 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 52 week low of $23.41 and a 52 week high of $34.70. The stock has a market cap of $53.23 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.11 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 EPS for the quarter, beating 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 company had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Honda Motor Company Profile

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.