Honda Motor Co., Ltd. (NYSE:HMC) Shares Acquired by Hedges Asset Management LLC

Hedges Asset Management LLC grew its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 91.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,000 shares of the company’s stock after acquiring an additional 13,400 shares during the period. Hedges Asset Management LLC’s holdings in Honda Motor were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HMC. Fisher Asset Management LLC lifted its holdings in shares of Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after purchasing an additional 227,890 shares during the last quarter. Equity Investment Corp boosted its holdings in shares of Honda Motor by 1.8% in the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after buying an additional 36,221 shares during the period. FMR LLC increased its position in shares of Honda Motor by 52.5% in the third quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after acquiring an additional 18,134 shares during the period. Finally, Assetmark Inc. boosted its stake in Honda Motor by 3.7% in the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock worth $8,924,000 after purchasing an additional 9,978 shares during the period. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HMC. StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Trading Up 0.5 %

Shares of NYSE:HMC opened at $28.59 on Friday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $44.63 billion, a P/E ratio of 7.06 and a beta of 0.59. The firm has a fifty day moving average of $27.03 and a two-hundred day moving average of $29.76.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The firm had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. On average, equities analysts expect that Honda Motor Co., Ltd. will post 4.2 EPS for the current fiscal year.

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.