Donald Smith & CO. Inc. Purchases Shares of 4,042,521 Honda Motor Co., Ltd. $HMC

Donald Smith & CO. Inc. bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the second quarter, HoldingsChannel.com reports. The fund bought 4,042,521 shares of the company’s stock, valued at approximately $109,593,000. Honda Motor accounts for approximately 1.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors have also recently made changes to their positions in the business. Focused Alpha LLC raised its position in shares of Honda Motor by 18.7% during the 2nd quarter. Focused Alpha LLC now owns 9,938 shares of the company’s stock valued at $269,000 after buying an additional 1,568 shares in the last quarter. BlackRock Inc. grew its position in Honda Motor by 35.2% in the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after acquiring an additional 691,165 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Honda Motor by 23.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,925 shares of the company’s stock worth $486,000 after acquiring an additional 3,369 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Honda Motor during the second quarter worth approximately $223,000. Finally, Global Retirement Partners LLC bought a new stake in Honda Motor during the second quarter worth approximately $346,000. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Honda Motor has a consensus rating of “Hold” and an average price target of $25.00.

Honda Motor Price Performance

HMC opened at $33.39 on Friday. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $28.94 and its 200-day simple moving average is $27.47. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of -47.70 and a beta of 0.42.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The firm had revenue of $37.27 billion during the quarter. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 2.11 earnings per share for the current fiscal year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.