49,950 Shares in Honda Motor Co., Ltd. $HMC Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,950 shares of the company’s stock, valued at approximately $1,440,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Auto Owners Insurance Co raised its holdings in shares of Honda Motor by 167.6% in the 2nd quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock worth $18,902,000 after buying an additional 410,650 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after acquiring an additional 100,330 shares in the last quarter. Equity Investment Corp raised its position in Honda Motor by 4.6% in the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock valued at $59,646,000 after purchasing an additional 96,230 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Honda Motor by 603.1% during the first quarter. Campbell & CO Investment Adviser LLC now owns 94,558 shares of the company’s stock worth $2,565,000 after purchasing an additional 81,110 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in Honda Motor during the 1st quarter worth about $1,521,000. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HMC. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Honda Motor Trading Up 0.2%

Shares of Honda Motor stock opened at $30.11 on Thursday. The stock has a market cap of $47.00 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.14 and a beta of 0.48. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.89. The business’s 50 day moving average is $31.92 and its 200-day moving average is $31.28. The company has a quick ratio of 1.01, a current ratio of 1.41 and a debt-to-equity ratio of 0.66.

Honda Motor (NYSE:HMC) last posted its earnings results on Friday, November 7th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The business had revenue of $34.57 billion for the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a return on equity of 5.18% and a net margin of 3.04%. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor Profile

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.