Smithfield Trust Co. increased its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,448 shares of the company’s stock after buying an additional 470 shares during the period. Smithfield Trust Co.’s holdings in Honda Motor were worth $176,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in HMC. IFP Advisors Inc raised its stake in shares of Honda Motor by 2.6% in the first 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. Russell Investments Group Ltd. bought a new stake in shares of Honda Motor during the first quarter worth $1,990,000. Mondrian Investment Partners LTD raised its stake in shares of Honda Motor by 33.7% in the first quarter. Mondrian Investment Partners LTD now owns 1,704,988 shares of the company’s stock worth $51,150,000 after buying an additional 430,158 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Honda Motor by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 33,764 shares of the company’s stock worth $1,022,000 after buying an additional 5,924 shares during the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Honda Motor by 14.4% in the first quarter. Cardinal Capital Management now owns 42,241 shares of the company’s stock worth $1,278,000 after buying an additional 5,315 shares during the last quarter. Institutional investors own 2.63% of the company’s stock.
Honda Motor Company, Ltd. (NYSE HMC) traded up 0.66% during mid-day trading on Friday, reaching $27.54. 509,996 shares of the company’s stock traded hands. The stock’s 50 day moving average is $27.72 and its 200-day moving average is $29.01. The stock has a market capitalization of $49.63 billion, a PE ratio of 8.41 and a beta of 1.01. Honda Motor Company, Ltd. has a 52 week low of $27.05 and a 52 week high of $32.17.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $96.93 EPS. On average, equities analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
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Several equities research analysts have recently commented on the stock. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price target on shares of Honda Motor in a report on Friday, May 26th. Zacks Investment Research lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub lowered shares of Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. TheStreet upgraded shares of Honda Motor from a “c+” rating to a “b-” rating in a report on Friday, April 28th. Finally, Instinet upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.50.
Honda Motor Company 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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