Russell Investments Group Ltd. Has $591,000 Stake in Honda Motor Co., Ltd. $HMC

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in Honda Motor Co., Ltd. by 46.2%, selling 18,705 shares to end up with 21,799 shares valued at approximately $591,000.
• Several other hedge funds, such as Rothschild Investment LLC and Harbour Investments Inc., have increased their holdings in Honda, suggesting varying investor sentiments surrounding the stock.
• Honda Motor recently reported an earnings per share of $0.97, exceeding analysts’ expectations, with a revenue of $36.22 billion for the quarter.

Russell Investments Group Ltd. reduced its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 46.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,799 shares of the company's stock after selling 18,705 shares during the period. Russell Investments Group Ltd.'s holdings in Honda Motor were worth $591,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of 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 acquiring an additional 902 shares in the last quarter. Rothschild Investment LLC grew its stake in Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after purchasing an additional 417 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of Honda Motor during the 1st quarter worth approximately $56,000. Farther Finance Advisors LLC raised its stake in shares of Honda Motor by 50.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock worth $75,000 after purchasing an additional 947 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Honda Motor by 17.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after buying an additional 444 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Honda Motor Stock Performance

Shares of NYSE:HMC traded down $0.17 during trading on Wednesday, reaching $33.56. 390,076 shares of the stock were exchanged, compared to its average volume of 1,063,691. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.70. The stock has a 50-day moving average price of $31.89 and a 200-day moving average price of $29.96. 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 cap of $52.37 billion, a PE ratio of 11.61, a PEG ratio of 1.11 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results 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. The company had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. Research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.