Brandes Investment Partners LP Boosts Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Brandes Investment Partners LP lifted its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 570,169 shares of the company's stock after acquiring an additional 66,030 shares during the quarter. Brandes Investment Partners LP's holdings in Honda Motor were worth $16,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HMC. Atria Investments Inc increased its stake in shares of Honda Motor by 7.9% in the third quarter. Atria Investments Inc now owns 9,075 shares of the company's stock worth $288,000 after acquiring an additional 662 shares during the period. Apollon Wealth Management LLC grew its position in Honda Motor by 1.5% during the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company's stock valued at $829,000 after buying an additional 389 shares during the period. Natixis Advisors LLC grew its position in Honda Motor by 6.1% during the third quarter. Natixis Advisors LLC now owns 220,628 shares of the company's stock valued at $7,001,000 after buying an additional 12,720 shares during the period. Equity Investment Corp grew its position in Honda Motor by 1.8% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company's stock valued at $66,557,000 after buying an additional 36,221 shares during the period. Finally, LMR Partners LLP acquired a new stake in Honda Motor during the third quarter valued at $328,000. Institutional investors and hedge funds own 5.32% of the company's stock.

Remove Ads

Honda Motor Price Performance

HMC traded down $0.12 during midday trading on Wednesday, hitting $30.29. 1,424,526 shares of the company traded hands, compared to its average volume of 1,027,379. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $47.28 billion, a price-to-earnings ratio of 7.04 and a beta of 0.61. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $37.90. The business has a 50 day simple moving average of $28.37 and a two-hundred day simple moving average of $28.86.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group upgraded 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 research report on Wednesday, February 19th.

About Honda Motor

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.