Brown Advisory Inc. cut its position in shares of Honda Motor Co. (NYSE:HMC) by 12.1% during the second quarter, Holdings Channel reports. The fund owned 11,397 shares of the company’s stock after selling 1,565 shares during the period. Brown Advisory Inc.’s holdings in Honda Motor were worth $289,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of HMC. American Century Companies Inc. increased its stake in Honda Motor by 44.4% in the second quarter. American Century Companies Inc. now owns 3,308,363 shares of the company’s stock worth $83,801,000 after buying an additional 1,017,364 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Honda Motor by 12.6% in the first quarter. JPMorgan Chase & Co. now owns 2,187,045 shares of the company’s stock worth $59,794,000 after buying an additional 244,722 shares during the last quarter. Renaissance Technologies LLC increased its stake in Honda Motor by 43.8% in the first quarter. Renaissance Technologies LLC now owns 2,041,700 shares of the company’s stock worth $55,820,000 after buying an additional 621,400 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Honda Motor during the first quarter worth $16,404,000. Finally, UBS Group AG increased its stake in Honda Motor by 0.8% in the first quarter. UBS Group AG now owns 399,446 shares of the company’s stock worth $10,921,000 after buying an additional 3,360 shares during the last quarter. Institutional investors own 3.01% of the company’s stock.
Honda Motor Co. (NYSE:HMC) traded up 2.65% on Wednesday, reaching $29.83. 146,172 shares of the company’s stock traded hands. The firm has a market cap of $53.76 billion, a PE ratio of 16.21 and a beta of 1.09. Honda Motor Co. has a 12 month low of $24.03 and a 12 month high of $33.87. The firm’s 50-day moving average is $29.96 and its 200 day moving average is $27.75.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $74.83 by $22.10. Honda Motor had a return on equity of 4.88% and a net margin of 2.35%. The firm had revenue of $3,471.70 billion for the quarter, compared to analysts’ expectations of $3,452.87 billion. During the same period in the prior year, the business posted $103.22 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Honda Motor Co. will post $2.64 EPS for the current year.
Several research firms recently commented on HMC. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday. TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Honda Motor presently has a consensus rating of “Hold” and an average target price of $32.40.
About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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