Royal Bank of Canada Purchases 14,639 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Royal Bank of Canada raised its stake in Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 370,510 shares of the company’s stock after buying an additional 14,639 shares during the period. Royal Bank of Canada’s holdings in Honda Motor were worth $8,000,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Koshinski Asset Management Inc. acquired a new position in Honda Motor during the 3rd quarter worth approximately $2,885,000. Credit Suisse AG raised its stake in shares of Honda Motor by 3,638.7% in the third quarter. Credit Suisse AG now owns 1,159 shares of the company’s stock worth $25,000 after purchasing an additional 1,128 shares during the last quarter. Ronald Blue Trust Inc. raised its stake in shares of Honda Motor by 142.3% in the third quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. AXA S.A. purchased a new stake in shares of Honda Motor in the third quarter worth approximately $30,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Honda Motor in the first quarter worth approximately $39,000. Institutional investors own 5.48% of the company’s stock.

Honda Motor Price Performance

Shares of HMC opened at $26.26 on Friday. Honda Motor Co., Ltd. has a 1-year low of $21.43 and a 1-year high of $29.19. The firm has a fifty day simple moving average of $24.87 and a two-hundred day simple moving average of $24.13. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The firm has a market cap of $44.92 billion, a PE ratio of 8.42, a P/E/G ratio of 1.33 and a beta of 0.75.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HMC. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. JPMorgan Chase & Co. raised Honda Motor from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 28th. Finally, StockNews.com raised Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 19th.

Honda Motor Profile

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Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.