Financial Consulate Inc. increased its holdings in Honda Motor Co Ltd (NYSE:HMC) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,087 shares of the company’s stock after buying an additional 1,025 shares during the period. Honda Motor accounts for 1.3% of Financial Consulate Inc.’s holdings, making the stock its 14th largest position. Financial Consulate Inc.’s holdings in Honda Motor were worth $3,080,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its position in Honda Motor by 262.4% during the second quarter. Flagship Harbor Advisors LLC now owns 1,098 shares of the company’s stock valued at $28,000 after purchasing an additional 795 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in Honda Motor by 86.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the company’s stock valued at $30,000 after purchasing an additional 530 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Honda Motor by 73.8% during the second quarter. Rehmann Capital Advisory Group now owns 1,173 shares of the company’s stock valued at $30,000 after purchasing an additional 498 shares in the last quarter. Aft Forsyth & Company Inc. acquired a new position in Honda Motor during the second quarter valued at approximately $245,000. Finally, Tower Research Capital LLC TRC raised its position in Honda Motor by 802.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the company’s stock valued at $46,000 after purchasing an additional 1,572 shares in the last quarter. Institutional investors own 2.27% of the company’s stock.
Several research analysts have commented on HMC shares. ValuEngine downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. UBS Group downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.00.
HMC traded down $0.07 during trading on Thursday, hitting $26.75. 14,157 shares of the stock traded hands, compared to its average volume of 704,227. Honda Motor Co Ltd has a twelve month low of $22.87 and a twelve month high of $30.12. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 0.99. The business has a 50 day moving average price of $25.75 and a 200 day moving average price of $25.93.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Honda Motor had a net margin of 3.38% and a return on equity of 6.26%. The firm had revenue of $36.36 billion for the quarter, compared to analyst estimates of $36.46 billion. On average, equities research analysts predict that Honda Motor Co Ltd will post 3.41 earnings per share for the current year.
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.
Featured Story: What is the Beige Book?
Want to see what other hedge funds are holding HMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honda Motor Co Ltd (NYSE:HMC).
Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.