Vanguard Personalized Indexing Management LLC Purchases 25,531 Shares of Honda Motor Co., Ltd. $HMC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Honda Motor Co., Ltd. by 28.6%, acquiring an additional 25,531 shares, bringing its total holdings to 114,728 shares valued at approximately $3.3 million.
• Honda Motor reported earnings of $0.97 per share, significantly exceeding the consensus estimate of $0.51, with a total revenue of $36.22 billion for the quarter.
• Honda Motor currently has an average analyst rating of "Reduce", following recent downgrades and adjustments from several research firms, including Macquarie and Zacks Research.

Vanguard Personalized Indexing Management LLC lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 28.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,728 shares of the company's stock after acquiring an additional 25,531 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Honda Motor were worth $3,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMC. Farther Finance Advisors LLC lifted its holdings 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 acquiring an additional 947 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Honda Motor by 51.7% during the 1st quarter. GAMMA Investing LLC now owns 5,232 shares of the company's stock worth $142,000 after acquiring an additional 1,784 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Honda Motor by 2.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,311 shares of the company's stock worth $795,000 after acquiring an additional 713 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Honda Motor by 2.2% during the 1st quarter. Ritholtz Wealth Management now owns 62,031 shares of the company's stock worth $1,683,000 after acquiring an additional 1,349 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of Honda Motor by 0.8% during the 1st quarter. QRG Capital Management Inc. now owns 179,820 shares of the company's stock worth $4,879,000 after acquiring an additional 1,424 shares during the period. Institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

HMC stock opened at $30.66 on Wednesday. The company has a fifty day moving average price of $33.04 and a 200-day moving average price of $30.81. The company has a market capitalization of $47.85 billion, a P/E ratio of 10.61, a PEG ratio of 1.00 and a beta of 0.48. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.89. 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 (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.46. The firm had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. As a group, equities analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Ratings Changes

HMC has been the subject of several research reports. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research downgraded shares of Honda Motor from a "hold" rating to a "strong sell" rating in a research note on Monday, September 1st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Honda Motor in a research note on Tuesday. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Honda Motor presently has an average 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.

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