JPMorgan Chase & Co. Grows Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

JPMorgan Chase & Co. boosted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,656 shares of the company’s stock after purchasing an additional 26,917 shares during the quarter. JPMorgan Chase & Co.’s holdings in Honda Motor were worth $2,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its position in shares of Honda Motor by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company’s stock worth $1,404,000 after purchasing an additional 401 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Honda Motor by 8.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock worth $162,000 after acquiring an additional 445 shares during the period. Rhumbline Advisers raised its stake in shares of Honda Motor by 1.1% during the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company’s stock valued at $1,164,000 after buying an additional 457 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Honda Motor by 14.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company’s stock valued at $117,000 after acquiring an additional 507 shares during the period. Finally, DGS Capital Management LLC boosted its holdings in Honda Motor by 0.7% during the third quarter. DGS Capital Management LLC now owns 95,092 shares of the company’s stock worth $3,017,000 after buying an additional 668 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

Shares of HMC opened at $29.73 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.99. The stock has a 50 day moving average price of $28.20 and a 200 day moving average price of $28.16. The company has a market capitalization of $46.40 billion, a price-to-earnings ratio of 6.91 and a beta of 0.57.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on HMC. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a report 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 report on Wednesday, February 19th.

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.