Creative Planning Grows Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Creative Planning increased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 19.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 156,756 shares of the company's stock after purchasing an additional 25,718 shares during the quarter. Creative Planning's holdings in Honda Motor were worth $4,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HMC. Seven Eight Capital LP acquired a new stake in shares of Honda Motor in the 1st quarter valued at approximately $1,509,000. Cubist Systematic Strategies LLC acquired a new stake in Honda Motor in the second quarter valued at $3,595,000. Park Avenue Securities LLC boosted its position in shares of Honda Motor by 76.4% during the 3rd quarter. Park Avenue Securities LLC now owns 41,358 shares of the company's stock worth $1,312,000 after purchasing an additional 17,908 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Honda Motor by 179.6% during the 2nd quarter. Blue Trust Inc. now owns 3,476 shares of the company's stock worth $112,000 after purchasing an additional 2,233 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Honda Motor in the second quarter valued at about $5,396,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Wednesday.

Honda Motor Price Performance

HMC traded down $0.05 during trading on Friday, reaching $30.24. 555,142 shares of the stock were exchanged, compared to its average volume of 887,990. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The company has a market capitalization of $51.72 billion, a price-to-earnings ratio of 6.40, a P/E/G ratio of 2.76 and a beta of 0.67. Honda Motor Co., Ltd. has a 1 year low of $27.69 and a 1 year high of $37.90. The business's 50 day moving average price is $31.88 and its two-hundred day moving average price is $32.47.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The firm had revenue of $34.67 billion for the quarter, compared to analysts' expectations of $33.75 billion. As a group, equities research analysts anticipate that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current year.

Honda Motor Company Profile

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.