Stephens Inc. AR Has $349,000 Stock Position in Honda Motor Co., Ltd. $HMC

Stephens Inc. AR trimmed its position in Honda Motor Co., Ltd. (NYSE:HMC) by 16.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,110 shares of the company’s stock after selling 2,304 shares during the quarter. Stephens Inc. AR’s holdings in Honda Motor were worth $349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Honda Motor by 10.1% in the first 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 period. Bessemer Group Inc. grew its position in shares of Honda Motor by 460.2% during 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. Raymond James Financial Inc. grew its position in shares of Honda Motor by 4.5% during the 1st quarter. Raymond James Financial Inc. now owns 435,783 shares of the company’s stock worth $11,823,000 after buying an additional 18,667 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Honda Motor by 36.1% during 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. Finally, LPL Financial LLC grew its position in shares of Honda Motor by 23.7% during the 1st 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. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Trading Down 0.2%

NYSE:HMC opened at $31.53 on Monday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The stock has a market capitalization of $49.21 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.05 and a beta of 0.48. The business’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $31.12.

Honda Motor (NYSE:HMC) last released its quarterly earnings data 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. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The business had revenue of $36.22 billion for the quarter, compared to analysts’ expectations of $36.04 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently 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.