American Century Companies Inc. Increases Position in Honda Motor Co., Ltd. $HMC

American Century Companies Inc. lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 529,249 shares of the company’s stock after buying an additional 29,152 shares during the period. American Century Companies Inc.’s holdings in Honda Motor were worth $14,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 902 shares during the period. Rothschild Investment LLC lifted its stake in shares of Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after buying an additional 417 shares during the period. Rossby Financial LCC purchased a new position in shares of Honda Motor during the first quarter valued at approximately $56,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Honda Motor by 1,166.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company’s stock valued at $61,000 after buying an additional 2,077 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock valued at $75,000 after buying an additional 947 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Macquarie lowered shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Dbs Bank lowered shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Honda Motor Price Performance

Honda Motor stock opened at $34.59 on Monday. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.70. The firm has a fifty day moving average of $31.26 and a 200-day moving average of $29.69. The firm has a market capitalization of $53.99 billion, a P/E ratio of 11.97, a PEG ratio of 1.04 and a beta of 0.52. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The company had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. As a group, analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current 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.