M&T Bank Corp Takes Position in Honda Motor Co., Ltd. (NYSE:HMC)

M&T Bank Corp bought a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,489 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HMC. Murphy & Mullick Capital Management Corp purchased a new position in Honda Motor during the 4th quarter valued at $26,000. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock worth $30,000 after purchasing an additional 902 shares during the period. Rothschild Investment LLC increased its stake in Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 417 shares during the period. National Bank of Canada FI increased its stake in Honda Motor by 277.7% in the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock worth $52,000 after purchasing an additional 1,330 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after purchasing an additional 770 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

HMC opened at $30.00 on Friday. The business’s 50-day moving average is $29.65 and its two-hundred day moving average is $28.96. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $33.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07. The firm has a market capitalization of $46.83 billion, a PE ratio of 8.60 and a beta of 0.49.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The company had revenue of $36.25 billion during the quarter, compared to analysts’ expectations of $5,371.99 billion. Research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HMC. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Macquarie lowered Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Dbs Bank lowered Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein began coverage on Honda Motor in a research note on Monday, April 14th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, Honda Motor has an average rating of “Hold”.

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.