Russell Investments Group Ltd. boosted its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 32.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,373 shares of the company’s stock after acquiring an additional 21,411 shares during the period. Russell Investments Group Ltd.’s holdings in Honda Motor were worth $2,390,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new stake in shares of Honda Motor during the 2nd quarter worth approximately $103,000. IFP Advisors Inc raised its position in Honda Motor by 2.6% during the 1st quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock worth $131,000 after buying an additional 108 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Honda Motor by 22.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock worth $145,000 after buying an additional 883 shares during the last quarter. Proficio Capital Partners LLC raised its position in Honda Motor by 105.0% during the 1st quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after buying an additional 2,735 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Honda Motor during the 1st quarter worth $157,000. Institutional investors own 2.58% of the company’s stock.
A number of equities analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $35.00 price objective on shares of Honda Motor in a research report on Friday, May 26th. Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut shares of Honda Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Honda Motor currently has an average rating of “Hold” and a consensus target price of $33.50.
Honda Motor Company, Ltd. (NYSE:HMC) opened at 29.34 on Friday. Honda Motor Company, Ltd. has a 12-month low of $27.05 and a 12-month high of $32.17. The stock has a market capitalization of $52.88 billion, a price-to-earnings ratio of 8.86 and a beta of 1.01. The firm has a 50-day moving average of $28.13 and a 200-day moving average of $28.60.
Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to analyst estimates of $3,525.55 billion. During the same quarter in the prior year, the firm posted $96.93 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.
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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.
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