Raymond James Financial Inc. acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 417,116 shares of the company's stock, valued at approximately $11,909,000.
A number of other hedge funds have also made changes to their positions in the stock. Asset Planning Inc bought a new stake in Honda Motor in the 4th quarter valued at about $25,000. R Squared Ltd purchased a new position in shares of Honda Motor in the fourth quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Honda Motor during the 3rd quarter worth approximately $36,000. Manchester Capital Management LLC acquired a new stake in Honda Motor during the 4th quarter valued at $40,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Honda Motor by 84.6% in the third quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company's stock worth $80,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.
Honda Motor Stock Performance
Shares of NYSE:HMC traded up $0.03 during midday trading on Monday, hitting $30.06. The company's stock had a trading volume of 820,586 shares, compared to its average volume of 1,012,848. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The stock has a market capitalization of $46.91 billion, a price-to-earnings ratio of 6.99 and a beta of 0.61. The stock's 50 day simple moving average is $28.40 and its 200 day simple moving average is $28.82.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. As a group, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. UBS Group raised shares of Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.
View Our Latest Research Report on HMC
About Honda Motor
(
Free Report)
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.
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