USA Financial Portformulas Corp lowered its stake in Honda Motor Co Ltd (NYSE:HMC) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,171 shares of the company’s stock after selling 7,617 shares during the quarter. USA Financial Portformulas Corp’s holdings in Honda Motor were worth $449,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Honda Motor by 0.6% during the 4th quarter. American Century Companies Inc. now owns 5,369,577 shares of the company’s stock valued at $182,995,000 after purchasing an additional 33,956 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Honda Motor by 19.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company’s stock worth $31,388,000 after buying an additional 170,958 shares during the period. Aperio Group LLC grew its position in shares of Honda Motor by 15.7% during the 4th quarter. Aperio Group LLC now owns 1,053,110 shares of the company’s stock worth $35,890,000 after buying an additional 143,183 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Honda Motor by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock worth $20,821,000 after purchasing an additional 2,000 shares in the last quarter. Finally, FNY Partners Fund LP lifted its holdings in shares of Honda Motor by 2,651.1% in the 4th quarter. FNY Partners Fund LP now owns 495,200 shares of the company’s stock worth $16,876,000 after purchasing an additional 477,200 shares in the last quarter. 2.03% of the stock is owned by hedge funds and other institutional investors.
Honda Motor Co Ltd (NYSE HMC) traded down $0.01 during trading hours on Wednesday, reaching $34.60. The company had a trading volume of 602,458 shares, compared to its average volume of 954,666. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. Honda Motor Co Ltd has a one year low of $27.05 and a one year high of $37.29. The company has a market cap of $63,100.00, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02.
Honda Motor (NYSE:HMC) last posted its earnings results on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.33. The firm had revenue of $3,957.12 billion for the quarter, compared to analysts’ expectations of $3,725.76 billion. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $93.67 earnings per share. research analysts anticipate that Honda Motor Co Ltd will post 5.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Thursday, December 28th were paid a $0.186 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $0.74 annualized dividend and a yield of 2.15%. Honda Motor’s payout ratio is 13.71%.
A number of equities analysts recently issued reports on HMC shares. JPMorgan Chase & Co. upgraded Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research raised Honda Motor from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, March 7th. Jefferies Group set a $43.00 target price on Honda Motor and gave the company a “buy” rating in a research report on Thursday, March 1st. UBS Group raised Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday, November 17th. Finally, ValuEngine raised Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.
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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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