Wells Fargo & Company MN Raises Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Wells Fargo & Company MN boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,577 shares of the company’s stock after buying an additional 28,120 shares during the quarter. Wells Fargo & Company MN’s holdings in Honda Motor were worth $5,584,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Landscape Capital Management L.L.C. boosted its position in shares of Honda Motor by 347.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company’s stock worth $1,603,000 after purchasing an additional 43,582 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Honda Motor in the fourth quarter valued at $3,964,000. National Bank of Canada FI lifted its stake in Honda Motor by 277.7% during the 4th quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock worth $52,000 after acquiring an additional 1,330 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Honda Motor by 5.9% during the 4th quarter. Alliancebernstein L.P. now owns 48,846 shares of the company’s stock valued at $1,395,000 after acquiring an additional 2,717 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Honda Motor in the 4th quarter valued at about $23,272,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HMC. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research note on Monday, April 14th. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Honda Motor Stock Up 2.2 %

Shares of NYSE:HMC opened at $29.09 on Friday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.99. The firm’s 50 day moving average price is $28.11 and its 200 day moving average price is $28.19. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market cap of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. As a group, equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor Profile

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