Honda Motor Co., Ltd. (NYSE:HMC) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its stake in Honda Motor Co., Ltd. (NYSE:HMCGet Rating) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,859 shares of the company’s stock after purchasing an additional 13,727 shares during the period. Raymond James & Associates’ holdings in Honda Motor were worth $4,828,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HMC. CWM LLC increased its holdings in Honda Motor by 120.1% in the 1st quarter. CWM LLC now owns 1,347 shares of the company’s stock valued at $38,000 after purchasing an additional 735 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Honda Motor during the first quarter valued at about $39,000. Johnson Financial Group Inc. acquired a new stake in shares of Honda Motor during the fourth quarter valued at about $41,000. MCF Advisors LLC acquired a new stake in shares of Honda Motor during the first quarter valued at about $46,000. Finally, Bank of New Hampshire bought a new position in shares of Honda Motor during the first quarter worth about $51,000. 5.36% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $25.57 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $25.52 and its two-hundred day moving average price is $26.42. Honda Motor Co., Ltd. has a 52-week low of $23.21 and a 52-week high of $32.15. The stock has a market capitalization of $43.74 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.62 and a beta of 0.67.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HMC shares. Jefferies Financial Group increased their price target on shares of Honda Motor from $30.83 to $31.51 and gave the stock a “buy” rating in a research report on Thursday, July 7th. TheStreet cut shares of Honda Motor from a “b” rating to a “c+” rating in a research report on Monday, June 13th. Finally, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Honda Motor currently has an average rating of “Moderate Buy” and a consensus target price of $31.51.

Honda Motor Company Profile

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

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

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