Honda Motor Co., Ltd. $HMC Position Increased by Equity Investment Corp

Equity Investment Corp lifted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,274,239 shares of the company’s stock after buying an additional 30,712 shares during the period. Equity Investment Corp owned 0.15% of Honda Motor worth $70,047,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Savant Capital LLC raised its stake in shares of Honda Motor by 86.2% in the second quarter. Savant Capital LLC now owns 22,073 shares of the company’s stock valued at $636,000 after acquiring an additional 10,221 shares during the last quarter. Assetmark Inc. grew its position in Honda Motor by 4.3% during the 2nd quarter. Assetmark Inc. now owns 227,722 shares of the company’s stock worth $6,565,000 after acquiring an additional 9,314 shares during the last quarter. Ascent Group LLC acquired a new stake in Honda Motor during the 2nd quarter valued at $234,000. Fisher Asset Management LLC raised its position in Honda Motor by 2.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock valued at $298,895,000 after purchasing an additional 239,663 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Honda Motor by 53.1% in the second quarter. Rockefeller Capital Management L.P. now owns 24,908 shares of the company’s stock worth $718,000 after purchasing an additional 8,636 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HMC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Honda Motor has a consensus rating of “Hold”.

Honda Motor Stock Down 0.6%

HMC stock opened at $30.55 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.13. The stock has a market capitalization of $47.68 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.23 and a beta of 0.37. Honda Motor Co., Ltd. has a fifty-two week low of $24.56 and a fifty-two week high of $34.89. The business has a 50-day moving average of $30.19 and a 200-day moving average of $31.41.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). The business had revenue of $34.71 billion for the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a return on equity of 5.18% and a net margin of 3.04%. On average, sell-side analysts anticipate 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. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.