Honda Motor Co., Ltd. $HMC Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 42.3% in the second quarter, HoldingsChannel reports. The institutional investor 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Auto Owners Insurance Co grew its position in Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after buying an additional 8,414,952 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after acquiring an additional 1,083,245 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Honda Motor by 28.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after acquiring an additional 590,128 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Honda Motor during the 2nd quarter worth $12,987,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Honda Motor by 1,421.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock worth $12,289,000 after acquiring an additional 389,442 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HMC. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Stock Up 1.1%

HMC stock opened at $31.56 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. The firm has a market capitalization of $49.26 billion, a P/E ratio of -45.08 and a beta of 0.42. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89. The company’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $27.39.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The firm had revenue of $37.27 billion during the quarter. As a group, equities research analysts anticipate that Honda Motor Co., Ltd. will post 1.3 EPS for the current year.

Honda Motor 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.