18,142 Honda Motor Co., Ltd. $HMC Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,257 shares of the company’s stock after acquiring an additional 18,142 shares during the period. Vise Technologies Inc.’s holdings in Honda Motor were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Donald Smith & CO. Inc. purchased a new stake in Honda Motor during the 2nd quarter worth approximately $109,593,000. Bank of America Corp DE increased its stake in shares of Honda Motor by 3.6% during the first quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after purchasing an additional 99,301 shares in the last quarter. BlackRock Inc. increased its stake in shares of Honda Motor by 35.2% during the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after purchasing an additional 691,165 shares in the last quarter. First Trust Advisors LP raised its position in shares of Honda Motor by 16.5% during the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after purchasing an additional 197,431 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Honda Motor by 13.4% during the 1st quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after purchasing an additional 47,382 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Trading Up 3.8%

NYSE:HMC opened at $35.28 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $32.79 and a 200-day simple moving average of $29.00. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $35.42. The company has a market capitalization of $55.07 billion, a PE ratio of -50.41 and a beta of 0.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The firm had revenue of $37.27 billion during the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. On average, equities research analysts expect that Honda Motor Co., Ltd. will post 2.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HMC shares. Wall Street Zen upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. BNP Paribas Exane initiated coverage on shares of Honda Motor in a research note on Friday, September 18th. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, Weiss Ratings upgraded Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Honda Motor currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Honda Motor Profile

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.