First Hawaiian Bank acquired a new position in shares of Honda Motor Co Ltd (NYSE:HMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,510 shares of the company’s stock, valued at approximately $4,257,000.

Several other hedge funds also recently modified their holdings of the company. First Republic Investment Management Inc. grew its position in Honda Motor by 2.4% in the second quarter. First Republic Investment Management Inc. now owns 73,996 shares of the company’s stock valued at $2,166,000 after purchasing an additional 1,766 shares in the last quarter. Earnest Partners LLC grew its position in Honda Motor by 2.1% in the second quarter. Earnest Partners LLC now owns 96,011 shares of the company’s stock valued at $2,810,000 after purchasing an additional 1,935 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Honda Motor by 1.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 191,431 shares of the company’s stock valued at $5,602,000 after purchasing an additional 2,185 shares in the last quarter. United Capital Financial Advisers LLC grew its position in Honda Motor by 19.2% in the first quarter. United Capital Financial Advisers LLC now owns 13,764 shares of the company’s stock valued at $478,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its position in Honda Motor by 14.9% in the second quarter. Eqis Capital Management Inc. now owns 23,111 shares of the company’s stock valued at $676,000 after purchasing an additional 2,998 shares in the last quarter. 2.07% of the stock is owned by institutional investors.

A number of research firms recently weighed in on HMC. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Wednesday, October 10th. ValuEngine downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Nomura downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.50.

Honda Motor stock opened at $27.05 on Tuesday. The firm has a market capitalization of $54.49 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. Honda Motor Co Ltd has a 1-year low of $26.81 and a 1-year high of $37.29. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The business had revenue of $4,024.10 billion during the quarter, compared to the consensus estimate of $3,794.23 billion. Honda Motor had a net margin of 7.09% and a return on equity of 8.90%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $115.04 earnings per share. On average, research analysts anticipate that Honda Motor Co Ltd will post 3.55 earnings per share for the current year.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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