Equity Investment Corp Raises Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,102,311 shares of the company’s stock after buying an additional 4,695 shares during the quarter. Equity Investment Corp’s holdings in Honda Motor were worth $60,021,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HMC. Allspring Global Investments Holdings LLC grew its position in shares of Honda Motor by 29.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock valued at $413,000 after acquiring an additional 2,935 shares during the period. International Assets Investment Management LLC grew its holdings in Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after purchasing an additional 184,057 shares during the period. First Trust Direct Indexing L.P. increased its position in Honda Motor by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 44,269 shares of the company’s stock worth $1,405,000 after buying an additional 2,991 shares during the last quarter. Optas LLC bought a new stake in shares of Honda Motor in the third quarter valued at $203,000. Finally, Allen Wealth Management LLC lifted its position in shares of Honda Motor by 7.2% during the 3rd quarter. Allen Wealth Management LLC now owns 56,205 shares of the company’s stock valued at $1,783,000 after buying an additional 3,752 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 1.0 %

Honda Motor stock opened at $27.91 on Thursday. The firm has a 50 day simple moving average of $28.09 and a 200 day simple moving average of $29.18. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90. The firm has a market capitalization of $43.56 billion, a price-to-earnings ratio of 6.49 and a beta of 0.58.

Honda Motor (NYSE:HMC) last announced its quarterly 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. The company had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. On average, analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analysts Set New Price Targets

HMC has been the subject of several recent research reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a 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.