Miles Capital Inc. Has $239,000 Position in Honda Motor Company, Ltd. (HMC)
Miles Capital Inc. held its position in Honda Motor Company, Ltd. (NYSE:HMC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,732 shares of the company’s stock at the end of the 2nd quarter. Miles Capital Inc.’s holdings in Honda Motor were worth $239,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HMC. Mascoma Wealth Management LLC purchased a new position in shares of Honda Motor in the 2nd quarter worth about $103,000. IFP Advisors Inc increased its stake in shares of Honda Motor by 13.2% during the 2nd quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after purchasing an additional 571 shares during the last quarter. Pacad Investment Ltd. increased its stake in shares of Honda Motor by 6.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after purchasing an additional 300 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Honda Motor by 105.0% during the 1st quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after purchasing an additional 2,735 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Honda Motor by 7.3% during the 2nd quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 2.58% of the company’s stock.
Honda Motor Company, Ltd. (HMC) traded up 0.6401% during midday trading on Monday, hitting $29.7492. The company’s stock had a trading volume of 148,187 shares. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The firm has a market cap of $53.62 billion, a P/E ratio of 8.9417 and a beta of 1.03. The company’s 50 day moving average price is $28.23 and its 200 day moving average price is $28.54.
Honda Motor (NYSE:HMC) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The business had revenue of $3,713 billion during the quarter, compared to analyst estimates of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. Honda Motor’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $96.93 earnings per share. Analysts expect that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
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Several equities analysts recently commented on HMC shares. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. ValuEngine cut Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, August 17th. Jefferies Group LLC set a $35.00 price target on Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, BidaskClub downgraded Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Honda Motor has an average rating of “Hold” and an average price target of $33.50.
Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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