Northern Trust Corp Grows Position in Honda Motor Co., Ltd. $HMC

Northern Trust Corp boosted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,110,812 shares of the company’s stock after purchasing an additional 11,114 shares during the quarter. Northern Trust Corp owned about 0.07% of Honda Motor worth $30,136,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Honda Motor by 10.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company’s stock worth $317,000 after buying an additional 1,064 shares during the period. Bessemer Group Inc. grew its stake in Honda Motor by 460.2% during the first 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. grew its stake in Honda Motor by 36.1% during the first 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. LPL Financial LLC grew its stake in Honda Motor by 23.7% during the first quarter. LPL Financial LLC now owns 97,348 shares of the company’s stock worth $2,641,000 after buying an additional 18,645 shares during the period. Finally, Cerity Partners LLC grew its stake in Honda Motor by 63.2% during the first quarter. Cerity Partners LLC now owns 90,084 shares of the company’s stock worth $2,444,000 after buying an additional 34,881 shares during the period. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Dbs Bank downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Honda Motor Price Performance

Shares of HMC stock opened at $33.37 on Friday. The company has a market capitalization of $52.09 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.11 and a beta of 0.52. The firm has a fifty day simple moving average of $31.69 and a 200-day simple moving average of $29.89. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.70.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

About Honda Motor

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.