Cardinal Capital Management Has $1,086,000 Position in Honda Motor Co. (HMC)
Cardinal Capital Management increased its stake in shares of Honda Motor Co. (NYSE:HMC) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 42,867 shares of the company’s stock after buying an additional 1,828 shares during the period. Cardinal Capital Management’s holdings in Honda Motor were worth $1,086,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. boosted its stake in Honda Motor by 15.7% in the second quarter. Capital Fund Management S.A. now owns 203,029 shares of the company’s stock valued at $5,143,000 after buying an additional 27,600 shares during the period. American Century Companies Inc. boosted its stake in Honda Motor by 44.4% in the second quarter. American Century Companies Inc. now owns 3,308,363 shares of the company’s stock valued at $83,801,000 after buying an additional 1,017,364 shares during the period. Bank of Montreal Can bought a new stake in Honda Motor during the second quarter valued at $1,054,000. Highland Capital Management LLC boosted its stake in Honda Motor by 1.1% in the second quarter. Highland Capital Management LLC now owns 83,256 shares of the company’s stock valued at $2,109,000 after buying an additional 900 shares during the period. Finally, Heritage Investors Management Corp boosted its stake in Honda Motor by 5.4% in the second quarter. Heritage Investors Management Corp now owns 137,683 shares of the company’s stock valued at $3,488,000 after buying an additional 7,047 shares during the period. Institutional investors and hedge funds own 3.01% of the company’s stock.
Shares of Honda Motor Co. (NYSE:HMC) traded up 0.31% during mid-day trading on Monday, hitting $29.01. 1,905,933 shares of the stock were exchanged. The stock’s 50 day moving average is $29.97 and its 200 day moving average is $27.72. Honda Motor Co. has a 12 month low of $24.03 and a 12 month high of $33.87. The firm has a market cap of $52.28 billion, a P/E ratio of 15.77 and a beta of 1.09.
Honda Motor (NYSE:HMC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $74.83 by $22.10. Honda Motor had a return on equity of 4.88% and a net margin of 2.35%. The company had revenue of $3,471.70 billion for the quarter, compared to analyst estimates of $3,452.87 billion. During the same quarter in the prior year, the firm posted $103.22 EPS. Honda Motor’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Honda Motor Co. will post $2.64 EPS for the current fiscal year.
Several analysts recently weighed in on the stock. TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Honda Motor has an average rating of “Hold” and a consensus price target 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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