Bleakley Financial Group LLC Buys Shares of 20,812 Honda Motor Co., Ltd. $HMC

Bleakley Financial Group LLC bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,812 shares of the company’s stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. boosted its stake in Honda Motor by 1,105.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after acquiring an additional 873 shares during the last quarter. Bessemer Group Inc. boosted its stake in Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after acquiring an additional 902 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Honda Motor in the second quarter valued at about $36,000. Trust Co. of Toledo NA OH purchased a new position in Honda Motor in the second quarter valued at about $46,000. Finally, Rossby Financial LCC purchased a new position in Honda Motor in the first quarter valued at about $56,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HMC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Finally, Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Honda Motor Trading Down 0.2%

Shares of HMC stock opened at $31.53 on Monday. 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 Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.89. The company has a market capitalization of $49.21 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.05 and a beta of 0.48. The business’s fifty day moving average is $32.78 and its 200 day moving average is $31.12.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share (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. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

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.