Raymond James & Associates Acquires 18,134 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Raymond James & Associates raised its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,112 shares of the company's stock after acquiring an additional 18,134 shares during the period. Raymond James & Associates' holdings in Honda Motor were worth $11,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RFP Financial Group LLC raised its holdings in shares of Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company's stock worth $25,000 after buying an additional 316 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Honda Motor by 2.6% during the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company's stock worth $498,000 after buying an additional 336 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company's stock worth $353,000 after buying an additional 359 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Honda Motor by 2.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company's stock worth $702,000 after buying an additional 395 shares in the last quarter. Finally, Harrington Investments INC raised its holdings in shares of Honda Motor by 1.0% during the 2nd quarter. Harrington Investments INC now owns 39,824 shares of the company's stock worth $1,284,000 after buying an additional 410 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd.

Honda Motor Price Performance

HMC stock traded up $0.07 during midday trading on Tuesday, reaching $31.07. 629,836 shares of the stock were exchanged, compared to its average volume of 885,745. The stock has a market capitalization of $53.15 billion, a PE ratio of 6.57, a P/E/G ratio of 2.67 and a beta of 0.67. Honda Motor Co., Ltd. has a 52 week low of $27.69 and a 52 week high of $37.90. 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 fifty day moving average price of $31.82 and a 200 day moving average price of $32.32.

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

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.