Hanson & Doremus Investment Management continued to hold its stake in shares of Honda Motor Co. (NYSE:HMC) during the second quarter, Holdings Channel reports. The firm owned 15,880 shares of the company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Honda Motor were worth $402,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Scotia Capital Inc. boosted its stake in shares of Honda Motor by 0.9% in the first quarter. Scotia Capital Inc. now owns 35,797 shares of the company’s stock worth $979,000 after buying an additional 317 shares during the period. First Hawaiian Bank boosted its stake in shares of Honda Motor by 0.3% in the second quarter. First Hawaiian Bank now owns 141,999 shares of the company’s stock worth $3,597,000 after buying an additional 421 shares during the period. State Street Corp boosted its stake in shares of Honda Motor by 5.0% in the first quarter. State Street Corp now owns 12,482 shares of the company’s stock worth $341,000 after buying an additional 600 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Honda Motor by 7.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,700 shares of the company’s stock worth $265,000 after buying an additional 638 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of Honda Motor by 1.1% in the second quarter. Highland Capital Management LLC now owns 83,256 shares of the company’s stock worth $2,109,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 3.01% of the company’s stock.
Shares of Honda Motor Co. (NYSE:HMC) traded down 0.7861% during midday trading on Monday, reaching $29.1788. 262,950 shares of the company’s stock were exchanged. The stock has a market cap of $52.59 billion, a PE ratio of 16.3834 and a beta of 1.09. The company’s 50 day moving average is $29.76 and its 200-day moving average is $27.86. Honda Motor Co. has a 12 month low of $24.03 and a 12 month high of $33.87.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, beating the Zacks’ consensus estimate of $74.83 by $22.10. The business earned $3,471.70 billion during the quarter, compared to the consensus estimate of $3,452.87 billion. Honda Motor had a return on equity of 4.88% and a net margin of 2.35%. Honda Motor’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $103.22 earnings per share. Equities analysts forecast that Honda Motor Co. will post $2.64 EPS for the current fiscal year.
A number of brokerages recently issued reports on HMC. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Honda Motor currently has a consensus rating of “Hold” and a consensus price target of $32.40.
Honda Motor Company Profile
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.
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. (NYSE:HMC).
Receive News & Ratings for Honda Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor Co. and related companies with MarketBeat.com's FREE daily email newsletter.