Envestnet Asset Management Inc. grew its position in Honda Motor Co Ltd (NYSE:HMC) by 10.2% during the 1st quarter, Holdings Channel reports. The firm owned 234,550 shares of the company’s stock after purchasing an additional 21,764 shares during the period. Envestnet Asset Management Inc.’s holdings in Honda Motor were worth $6,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of HMC. American Century Companies Inc. boosted its stake in shares of Honda Motor by 2.2% in the fourth quarter. American Century Companies Inc. now owns 5,306,274 shares of the company’s stock valued at $140,351,000 after buying an additional 113,826 shares during the period. Equity Investment Corp boosted its stake in shares of Honda Motor by 17.7% in the first quarter. Equity Investment Corp now owns 2,329,659 shares of the company’s stock valued at $63,297,000 after buying an additional 349,614 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Honda Motor by 8.9% in the first quarter. Brandes Investment Partners LP now owns 1,716,893 shares of the company’s stock valued at $46,648,000 after buying an additional 140,063 shares during the period. Bank of America Corp DE boosted its stake in shares of Honda Motor by 37.7% in the fourth quarter. Bank of America Corp DE now owns 1,617,874 shares of the company’s stock valued at $42,793,000 after buying an additional 443,135 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Honda Motor by 3.2% in the first quarter. Parametric Portfolio Associates LLC now owns 1,602,098 shares of the company’s stock valued at $43,529,000 after buying an additional 49,933 shares during the period. 2.08% of the stock is currently owned by institutional investors.

Shares of HMC stock opened at $25.74 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96. Honda Motor Co Ltd has a 1 year low of $24.43 and a 1 year high of $32.37. The company has a market capitalization of $45.60 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.97 and a beta of 0.98.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.60). Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The business had revenue of $4,049.10 billion for the quarter, compared to the consensus estimate of $4,011.69 billion. During the same quarter in the previous year, the company earned $60.59 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts predict that Honda Motor Co Ltd will post 3.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.206 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Honda Motor’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 3.20%. Honda Motor’s dividend payout ratio is presently 26.28%.

Several equities research analysts recently issued reports on HMC shares. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine upgraded Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet cut Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. Nomura upgraded Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th. Finally, Deutsche Bank upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.00.

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Honda Motor Company Profile

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

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