Scotia Capital Inc. Increases Position in Honda Motor Company, Ltd. (HMC)
Scotia Capital Inc. boosted its stake in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,722 shares of the company’s stock after buying an additional 1,830 shares during the period. Scotia Capital Inc.’s holdings in Honda Motor Company were worth $1,101,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Equity Investment Corp Acquisition Inc purchased a new position in shares of Honda Motor Company during the fourth quarter valued at $82,224,000. Neuberger Berman Group LLC boosted its position in shares of Honda Motor Company by 74.0% in the second quarter. Neuberger Berman Group LLC now owns 21,351 shares of the company’s stock valued at $541,000 after buying an additional 9,083 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of Honda Motor Company during the third quarter valued at $3,572,000. Community Financial Services Group LLC boosted its position in shares of Honda Motor Company by 3.2% in the third quarter. Community Financial Services Group LLC now owns 135,910 shares of the company’s stock valued at $3,930,000 after buying an additional 4,260 shares in the last quarter. Finally, Orbis Allan Gray Ltd purchased a new position in shares of Honda Motor Company during the third quarter valued at $14,792,000. 3.04% of the stock is owned by institutional investors and hedge funds.
Honda Motor Company, Ltd. (NYSE:HMC) traded down 0.91% during trading on Thursday, hitting $31.50. The company had a trading volume of 1,131,622 shares. Honda Motor Company, Ltd. has a 12-month low of $24.03 and a 12-month high of $32.17. The firm has a 50-day moving average of $30.55 and a 200 day moving average of $29.77. The company has a market capitalization of $56.77 billion, a price-to-earnings ratio of 15.08 and a beta of 1.16.
Honda Motor Company (NYSE:HMC) last released its earnings results on Friday, February 3rd. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.28. The company earned $3,501 billion during the quarter, compared to the consensus estimate of $112.66 million. Honda Motor Company had a return on equity of 6.32% and a net margin of 3.17%. During the same quarter in the previous year, the company posted $68.91 earnings per share. On average, equities research analysts forecast that Honda Motor Company, Ltd. will post $2.82 earnings per share for the current year.
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HMC has been the subject of several research reports. Macquarie raised Honda Motor Company from a “neutral” rating to an “outperform” rating in a research note on Friday, February 3rd. Zacks Investment Research raised Honda Motor Company from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, January 17th. Finally, Jefferies Group LLC decreased their target price on Honda Motor Company to $35.91 in a research note on Monday, January 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.52.
About Honda Motor Company
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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