Royal Fund Management LLC Buys 35,863 Shares of Honda Motor Co., Ltd. $HMC

Royal Fund Management LLC increased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 87.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,862 shares of the company’s stock after acquiring an additional 35,863 shares during the quarter. Royal Fund Management LLC’s holdings in Honda Motor were worth $2,216,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Auto Owners Insurance Co raised its holdings in shares of Honda Motor by 167.6% during the second quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock valued at $18,902,000 after purchasing an additional 410,650 shares during the period. Fisher Asset Management LLC grew its stake in shares of Honda Motor by 2.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock valued at $298,895,000 after buying an additional 239,663 shares during the period. Millennium Management LLC increased its position in Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after buying an additional 100,330 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Honda Motor by 603.1% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 94,558 shares of the company’s stock worth $2,565,000 after buying an additional 81,110 shares during the period. Finally, XTX Topco Ltd bought a new position in Honda Motor in the second quarter worth approximately $2,250,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Up 1.1%

HMC stock opened at $29.68 on Friday. The firm has a market capitalization of $46.33 billion, a PE ratio of 9.70, a P/E/G ratio of 1.17 and a beta of 0.38. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.66. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.89. The stock’s 50 day moving average is $30.53 and its 200-day moving average is $31.21.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Honda Motor had a return on equity of 5.18% and a net margin of 3.04%.The company had revenue of $34.71 billion for the quarter, compared to the consensus estimate of $35.95 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research note on Monday. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Honda Motor currently has a consensus rating of “Hold”.

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.