Weatherly Asset Management L. P. continued to hold its position in Honda Motor Company, Ltd. (NYSE:HMC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,497 shares of the company’s stock at the end of the second quarter. Weatherly Asset Management L. P.’s holdings in Honda Motor were worth $424,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HMC. Russell Investments Group Ltd. bought a new position in Honda Motor during the first quarter worth about $1,990,000. Mondrian Investment Partners LTD raised its position in Honda Motor by 33.7% in the first quarter. Mondrian Investment Partners LTD now owns 1,704,988 shares of the company’s stock worth $51,150,000 after buying an additional 430,158 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Honda Motor by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,764 shares of the company’s stock worth $1,022,000 after buying an additional 5,924 shares during the last quarter. Cardinal Capital Management raised its position in Honda Motor by 14.4% in the first quarter. Cardinal Capital Management now owns 42,241 shares of the company’s stock worth $1,278,000 after buying an additional 5,315 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Honda Motor by 2.2% in the first quarter. Nationwide Fund Advisors now owns 99,488 shares of the company’s stock worth $3,011,000 after buying an additional 2,116 shares during the last quarter. 2.56% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Company, Ltd. (NYSE:HMC) opened at 28.37 on Friday. The firm has a market cap of $51.13 billion, a price-to-earnings ratio of 8.82 and a beta of 1.01. The company’s 50-day moving average price is $27.61 and its 200-day moving average price is $29.20. Honda Motor Company, Ltd. has a one year low of $27.05 and a one year high of $32.17.
Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.59% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same period last year, the firm earned $96.93 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
A number of research analysts have recently issued reports on the company. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a report on Friday, April 28th. BidaskClub raised Honda Motor from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research lowered Honda Motor from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday. Finally, Nomura raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Honda Motor presently has a consensus rating of “Hold” and an average target price of $33.59.
Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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