Wetherby Asset Management Inc. raised its stake in shares of Honda Motor Co Ltd (NYSE:HMC) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,666 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Honda Motor were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in HMC. BlackRock Inc. boosted its stake in Honda Motor by 128.9% in the 3rd quarter. BlackRock Inc. now owns 22,109 shares of the company’s stock worth $665,000 after purchasing an additional 12,449 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Honda Motor by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 380,166 shares of the company’s stock worth $11,436,000 after purchasing an additional 100,187 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Honda Motor by 74.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 31,379 shares of the company’s stock worth $944,000 after purchasing an additional 13,389 shares in the last quarter. Bank of Montreal Can boosted its stake in Honda Motor by 3.1% in the 4th quarter. Bank of Montreal Can now owns 57,630 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Manning & Napier Group LLC boosted its stake in Honda Motor by 1.9% in the 4th quarter. Manning & Napier Group LLC now owns 196,781 shares of the company’s stock worth $5,204,000 after purchasing an additional 3,732 shares in the last quarter. Institutional investors and hedge funds own 2.10% of the company’s stock.
HMC traded up $0.16 during midday trading on Friday, hitting $25.44. 407,576 shares of the company traded hands, compared to its average volume of 574,867. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.23. The stock has a market capitalization of $45.24 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.95 and a beta of 0.94. Honda Motor Co Ltd has a 52 week low of $25.15 and a 52 week high of $32.76.
Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.60). The company had revenue of $4,049.10 billion for the quarter, compared to the consensus estimate of $4,011.69 billion. Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. Honda Motor’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $60.59 EPS. Research analysts forecast that Honda Motor Co Ltd will post 3.75 EPS for the current fiscal year.
HMC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet cut shares of Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. Finally, Nomura upgraded shares of Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.
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About Honda Motor
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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