Creative Planning raised its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 53.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,457 shares of the company’s stock after purchasing an additional 21,412 shares during the period. Creative Planning’s holdings in Honda Motor were worth $1,863,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Glenmede Trust Co. NA increased its position in shares of Honda Motor by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 9,872 shares of the company’s stock valued at $212,000 after acquiring an additional 434 shares in the last quarter. Harrington Investments INC increased its holdings in Honda Motor by 1.4% in the 1st quarter. Harrington Investments INC now owns 35,279 shares of the company’s stock valued at $935,000 after acquiring an additional 500 shares during the last quarter. Fifth Third Bancorp increased its holdings in Honda Motor by 5.1% in the 1st quarter. Fifth Third Bancorp now owns 10,862 shares of the company’s stock valued at $288,000 after acquiring an additional 523 shares during the last quarter. Cetera Investment Advisers increased its holdings in Honda Motor by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 7,979 shares of the company’s stock valued at $225,000 after acquiring an additional 557 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Honda Motor by 2.0% in the 1st quarter. Two Sigma Advisers LP now owns 30,400 shares of the company’s stock valued at $805,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.
Analyst Upgrades and Downgrades
HMC has been the topic of a number of research reports. UBS Group downgraded shares of Honda Motor from a “neutral” rating to a “sell” rating in a report on Thursday, July 6th. Macquarie raised shares of Honda Motor from a “neutral” rating to an “outperform” rating in a research report on Friday, August 11th. Nomura cut shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 20th. Morgan Stanley upgraded shares of Honda Motor from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 7th. Finally, StockNews.com started coverage on shares of Honda Motor in a research note on Thursday, October 5th. They set a “strong-buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Honda Motor Price Performance
NYSE HMC opened at $33.81 on Thursday. The company has a market cap of $57.84 billion, a PE ratio of 8.60, a P/E/G ratio of 0.44 and a beta of 0.74. Honda Motor Co., Ltd. has a 52-week low of $21.43 and a 52-week high of $36.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.44. The firm’s 50 day moving average price is $32.84 and its 200-day moving average price is $30.20.
Honda Motor (NYSE:HMC – Get Free Report) last announced its earnings results on Wednesday, August 9th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.61. The company had revenue of $33.70 billion during the quarter, compared to the consensus estimate of $33.57 billion. Honda Motor had a net margin of 5.11% and a return on equity of 7.73%. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.88 EPS for the current fiscal year.
About Honda Motor
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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