Honda Motor Co., Ltd. $HMC Stake Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 42.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,121 shares of the company’s stock after purchasing an additional 16,084 shares during the quarter. Russell Investments Group Ltd.’s holdings in Honda Motor were worth $1,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its position in shares of Honda Motor by 1.3% in the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after buying an additional 329 shares during the last quarter. WealthCollab LLC grew its position in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares during the last quarter. Allworth Financial LP raised its stake in Honda Motor by 14.8% during the fourth quarter. Allworth Financial LP now owns 3,034 shares of the company’s stock worth $89,000 after acquiring an additional 392 shares during the period. Harbour Investments Inc. raised its stake in Honda Motor by 5.8% during the fourth quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock worth $214,000 after acquiring an additional 400 shares during the period. Finally, Cerity Partners LLC raised its stake in Honda Motor by 0.5% during the second quarter. Cerity Partners LLC now owns 90,498 shares of the company’s stock worth $2,609,000 after acquiring an additional 414 shares during the period. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $31.56 on Friday. The stock has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $27.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The firm has a market cap of $49.26 billion, a P/E ratio of -45.08 and a beta of 0.42. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. Research analysts forecast that Honda Motor Co., Ltd. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Honda Motor has an average rating of “Hold” and a consensus price target of $25.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.