Equity Investment Corp Has $64.68 Million Stock Holdings in Honda Motor Co., Ltd. $HMC

Equity Investment Corp boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 2,243,527 shares of the company’s stock after buying an additional 44,986 shares during the quarter. Equity Investment Corp’s holdings in Honda Motor were worth $64,681,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gallacher Capital Management LLC grew its stake in shares of Honda Motor by 2.7% during the second quarter. Gallacher Capital Management LLC now owns 13,314 shares of the company’s stock worth $384,000 after purchasing an additional 354 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Honda Motor by 5.8% during the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after purchasing an additional 468 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Honda Motor by 3.9% during the first quarter. Evergreen Capital Management LLC now owns 13,377 shares of the company’s stock worth $363,000 after purchasing an additional 507 shares during the period. Harbour Investments Inc. grew its position in shares of Honda Motor by 9.2% during the 1st quarter. Harbour Investments Inc. now owns 6,142 shares of the company’s stock worth $167,000 after buying an additional 520 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Honda Motor by 0.3% during the 2nd quarter. QRG Capital Management Inc. now owns 180,352 shares of the company’s stock worth $5,200,000 after buying an additional 532 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Honda Motor Price Performance

Shares of HMC opened at $30.76 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The stock has a 50 day simple moving average of $32.35 and a 200 day simple moving average of $31.28. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.89. The firm has a market capitalization of $48.00 billion, a PE ratio of 10.64, a P/E/G ratio of 1.18 and a beta of 0.48.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. Sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 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.