Honda Motor Co. (HMC) Shares Bought by Advisors Asset Management Inc.
Advisors Asset Management Inc. increased its stake in shares of Honda Motor Co. (NYSE:HMC) by 42.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,246 shares of the company’s stock after buying an additional 10,500 shares during the period. Advisors Asset Management Inc.’s holdings in Honda Motor were worth $893,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Thomas White International Ltd. raised its position in Honda Motor by 3.9% in the first quarter. Thomas White International Ltd. now owns 211,480 shares of the company’s stock valued at $5,782,000 after buying an additional 8,006 shares during the period. BTC Capital Management Inc. raised its position in Honda Motor by 3.5% in the first quarter. BTC Capital Management Inc. now owns 9,921 shares of the company’s stock valued at $273,000 after buying an additional 335 shares during the period. Mondrian Investment Partners LTD raised its position in Honda Motor by 13.7% in the first quarter. Mondrian Investment Partners LTD now owns 1,274,830 shares of the company’s stock valued at $34,420,000 after buying an additional 154,056 shares during the period. CIBC World Markets Inc. raised its position in Honda Motor by 4.7% in the first quarter. CIBC World Markets Inc. now owns 147,894 shares of the company’s stock valued at $4,043,000 after buying an additional 6,649 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in Honda Motor during the first quarter valued at approximately $254,000. 3.01% of the stock is owned by institutional investors.
Honda Motor Co. (NYSE:HMC) traded up 1.461% during midday trading on Thursday, hitting $30.205. 870,006 shares of the stock traded hands. The stock has a 50-day moving average of $29.92 and a 200 day moving average of $27.65. Honda Motor Co. has a 52-week low of $24.03 and a 52-week high of $33.87. The firm has a market cap of $54.44 billion, a PE ratio of 16.753 and a beta of 1.10.
Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, topping the consensus estimate of $74.83 by $22.10. The company earned $3,471.70 billion during the quarter, compared to analyst estimates of $3,452.87 billion. Honda Motor had a net margin of 2.35% and a return on equity of 4.88%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $103.22 EPS. Equities analysts forecast that Honda Motor Co. will post $2.62 EPS for the current year.
Several equities analysts have commented on HMC shares. Bank of America Corp. lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.73.
About Honda Motor
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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