Envestnet Asset Management Inc. Buys 7,305 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Envestnet Asset Management Inc. lifted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,053 shares of the company’s stock after purchasing an additional 7,305 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Honda Motor were worth $11,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Honda Motor by 10.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company’s stock worth $317,000 after purchasing an additional 1,064 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock worth $30,000 after buying an additional 902 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Honda Motor by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company’s stock worth $343,000 after buying an additional 3,351 shares during the period. OLD Mission Capital LLC bought a new position in Honda Motor in the 4th quarter worth approximately $3,964,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in Honda Motor by 347.2% in the 4th quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company’s stock worth $1,603,000 after buying an additional 43,582 shares during the period. Institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HMC. Macquarie downgraded shares of Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Dbs Bank cut shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Finally, Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $30.00 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36. The firm has a fifty day moving average price of $29.65 and a 200 day moving average price of $28.96. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $33.72. The firm has a market cap of $46.83 billion, a price-to-earnings ratio of 8.60 and a beta of 0.49.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 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 business had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor Company 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.