Afam Capital Inc. increased its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,366 shares of the company’s stock after purchasing an additional 5,308 shares during the period. Afam Capital Inc.’s holdings in Honda Motor were worth $1,544,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Honda Motor by 7.7% during the 1st quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock valued at $2,287,000 after purchasing an additional 5,420 shares during the period. Russell Investments Group Ltd. raised its position in shares of Honda Motor by 32.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 87,373 shares of the company’s stock valued at $2,390,000 after purchasing an additional 21,411 shares during the period. OLD National Bancorp IN raised its position in shares of Honda Motor by 6.1% during the 2nd quarter. OLD National Bancorp IN now owns 8,441 shares of the company’s stock valued at $231,000 after purchasing an additional 489 shares during the period. Paloma Partners Management Co raised its position in shares of Honda Motor by 42.8% during the 1st quarter. Paloma Partners Management Co now owns 25,765 shares of the company’s stock valued at $780,000 after purchasing an additional 7,724 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in shares of Honda Motor during the 2nd quarter valued at $245,000. Hedge funds and other institutional investors own 2.58% of the company’s stock.

Shares of Honda Motor Company, Ltd. (NYSE:HMC) traded up 0.03% during mid-day trading on Monday, reaching $30.27. 100,169 shares of the company’s stock were exchanged. The stock has a market capitalization of $54.55 billion, a PE ratio of 9.10 and a beta of 1.03. The company’s 50 day moving average is $29.32 and its 200 day moving average is $28.42. Honda Motor Company, Ltd. has a 1-year low of $27.05 and a 1-year high of $32.17.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. During the same period in the prior year, the firm posted $96.93 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current fiscal year.

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Several analysts have recently commented on HMC shares. Jefferies Group LLC set a $35.00 price objective on shares of Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Instinet upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Finally, Nomura upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.18.

Honda Motor Profile

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.

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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