M&T Bank Corp decreased its position in shares of Honda Motor Co Ltd (NYSE:HMC) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,696 shares of the company’s stock after selling 1,383 shares during the quarter. M&T Bank Corp’s holdings in Honda Motor were worth $467,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in HMC. FMR LLC boosted its stake in Honda Motor by 63.4% during the 2nd quarter. FMR LLC now owns 136,795 shares of the company’s stock worth $3,747,000 after acquiring an additional 53,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Honda Motor by 51.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,726 shares of the company’s stock worth $376,000 after acquiring an additional 4,652 shares during the last quarter. Harrington Investments INC bought a new position in Honda Motor during the 3rd quarter worth approximately $1,073,000. Raymond James Trust N.A. bought a new position in Honda Motor during the 3rd quarter worth approximately $204,000. Finally, Cardinal Capital Management boosted its stake in Honda Motor by 33.8% during the 3rd quarter. Cardinal Capital Management now owns 68,677 shares of the company’s stock worth $2,030,000 after acquiring an additional 17,330 shares during the last quarter. 2.20% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Co Ltd (NYSE HMC) opened at $35.57 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. Honda Motor Co Ltd has a one year low of $27.05 and a one year high of $37.29. The firm has a market cap of $64,178.89, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.09.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.33. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The firm had revenue of $3,957.12 billion for the quarter, compared to analyst estimates of $3,725.76 billion. During the same quarter in the previous year, the firm posted $93.67 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. equities research analysts expect that Honda Motor Co Ltd will post 5.2 EPS for the current year.
Several research firms recently weighed in on HMC. Credit Suisse Group raised shares of Honda Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 15th. Zacks Investment Research raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. UBS Group raised shares of Honda Motor from an “underweight” rating to a “neutral” rating in a research note on Friday, November 17th. Finally, ValuEngine raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.68.
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Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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