Deutsche Bank AG lowered its holdings in Honda Motor (NYSE:HMC) by 62.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 224,394 shares of the company’s stock after selling 380,018 shares during the quarter. Deutsche Bank AG’s holdings in Honda Motor were worth $7,646,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wetherby Asset Management Inc. grew its position in Honda Motor by 5.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 30,368 shares of the company’s stock valued at $1,035,000 after purchasing an additional 1,661 shares during the period. Signaturefd LLC grew its position in Honda Motor by 25.0% in the 4th quarter. Signaturefd LLC now owns 8,506 shares of the company’s stock valued at $290,000 after purchasing an additional 1,700 shares during the period. Neuberger Berman Group LLC grew its position in Honda Motor by 6.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock valued at $934,000 after purchasing an additional 1,823 shares during the period. Dimensional Fund Advisors LP grew its position in Honda Motor by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock valued at $20,821,000 after purchasing an additional 2,000 shares during the period. Finally, Eagle Asset Management Inc. grew its position in Honda Motor by 37.3% in the 4th quarter. Eagle Asset Management Inc. now owns 9,587 shares of the company’s stock valued at $338,000 after purchasing an additional 2,602 shares during the period. 2.12% of the stock is owned by institutional investors and hedge funds.
HMC opened at $34.23 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The firm has a market cap of $62,784.09, a price-to-earnings ratio of 11.22, a PEG ratio of 1.75 and a beta of 1.02. Honda Motor has a 1 year low of $27.05 and a 1 year high of $37.29.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.33. The firm had revenue of $3,957.12 billion for the quarter, compared to the consensus estimate of $3,725.76 billion. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $93.67 EPS. analysts expect that Honda Motor will post 5.36 EPS for the current fiscal year.
Several research firms recently issued reports on HMC. UBS raised shares of Honda Motor from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 27th. ValuEngine raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Jefferies Group set a $43.00 price target on shares of Honda Motor and gave the company a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Wednesday, March 7th. Finally, JPMorgan Chase raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Honda Motor has a consensus rating of “Buy” and a consensus price target of $41.00.
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Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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