CANADA LIFE ASSURANCE Co grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 102.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,592 shares of the company's stock after acquiring an additional 12,421 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Honda Motor were worth $702,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Asset Planning Inc bought a new stake in shares of Honda Motor during the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new position in Honda Motor during the 4th quarter worth $26,000. R Squared Ltd acquired a new stake in shares of Honda Motor in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Honda Motor in the third quarter worth about $36,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Honda Motor during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 5.32% of the company's stock.
Analyst Ratings Changes
HMC has been the subject of a number of research analyst reports. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company.
View Our Latest Report on Honda Motor
Honda Motor Price Performance
Shares of HMC stock traded up $0.24 during mid-day trading on Monday, reaching $30.92. The company's stock had a trading volume of 73,884 shares, compared to its average volume of 1,065,624. The firm's 50-day moving average is $28.61 and its two-hundred day moving average is $28.06. The company has a market cap of $48.26 billion, a P/E ratio of 7.19 and a beta of 0.55. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.
Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. On average, research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.
Honda Motor Profile
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Free Report)
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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