Raymond James Financial Inc. Buys 18,667 Shares of Honda Motor Co., Ltd. $HMC

Raymond James Financial Inc. boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,783 shares of the company’s stock after buying an additional 18,667 shares during the quarter. Raymond James Financial Inc.’s holdings in Honda Motor were worth $11,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Equity Investment Corp raised its holdings in shares of Honda Motor by 4.6% in the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock valued at $59,646,000 after purchasing an additional 96,230 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Honda Motor by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company’s stock valued at $35,846,000 after purchasing an additional 81,548 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Honda Motor by 69.9% in the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company’s stock valued at $31,396,000 after purchasing an additional 452,624 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Honda Motor by 5.8% in the 1st quarter. American Century Companies Inc. now owns 529,249 shares of the company’s stock valued at $14,359,000 after purchasing an additional 29,152 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Honda Motor by 1.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 417,053 shares of the company’s stock valued at $11,315,000 after purchasing an additional 7,305 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honda Motor Trading Down 1.7%

NYSE HMC opened at $33.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm has a market cap 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 company has a 50 day moving average price of $31.69 and a 200 day moving average price of $29.89. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.70.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.46. The company had revenue of $36.22 billion for 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%. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS 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.