Vestmark Advisory Solutions Inc. Buys 27,906 Shares of Honda Motor Co., Ltd. $HMC

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Honda Motor Co., Ltd. by 108%, acquiring 27,906 shares during the first quarter, bringing their total to 53,754 shares valued at approximately $1.46 million.
• Other institutional investors, including JPMorgan Chase and Wells Fargo, also raised their stakes in Honda during the fourth quarter, contributing to a growing trend of institutional investment in the company.
• Honda recently reported a quarterly earnings per share (EPS) of $0.97, surpassing analyst estimates and indicating a positive financial performance amid fluctuating market conditions.

Vestmark Advisory Solutions Inc. boosted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 108.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,754 shares of the company's stock after acquiring an additional 27,906 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Honda Motor were worth $1,458,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Honda Motor by 46.6% in the 4th quarter. JPMorgan Chase & Co. now owns 84,656 shares of the company's stock worth $2,417,000 after buying an additional 26,917 shares during the period. Alliancebernstein L.P. lifted its position in shares of Honda Motor by 5.9% in the fourth quarter. Alliancebernstein L.P. now owns 48,846 shares of the company's stock valued at $1,395,000 after acquiring an additional 2,717 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Honda Motor by 16.8% in the fourth quarter. Wells Fargo & Company MN now owns 195,577 shares of the company's stock valued at $5,584,000 after acquiring an additional 28,120 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Honda Motor by 216.7% in the fourth quarter. Russell Investments Group Ltd. now owns 40,504 shares of the company's stock valued at $1,156,000 after acquiring an additional 27,713 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Honda Motor by 64.6% in the fourth quarter. Townsquare Capital LLC now owns 27,088 shares of the company's stock valued at $773,000 after acquiring an additional 10,633 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

Shares of NYSE:HMC traded up $0.5850 during mid-day trading on Friday, reaching $34.5050. The stock had a trading volume of 343,548 shares, compared to its average volume of 1,076,439. 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 company has a market cap of $53.86 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.70. The business's 50 day moving average price is $31.15 and its 200 day moving average price is $29.63.

Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $36.04 billion. Research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a research report 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, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Honda Motor 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.