Royal Bank of Canada Raises Holdings in Honda Motor Company, Ltd. (HMC)
Royal Bank of Canada grew its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 941,520 shares of the company’s stock after purchasing an additional 115,656 shares during the quarter. Royal Bank of Canada owned approximately 0.05% of Honda Motor worth $25,788,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new position in shares of Honda Motor during the second quarter worth about $103,000. IFP Advisors Inc grew its holdings in shares of Honda Motor by 13.2% during the second quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after buying an additional 571 shares during the last quarter. Pacad Investment Ltd. grew its holdings in shares of Honda Motor by 6.3% during the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Honda Motor during the first quarter worth about $157,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of Honda Motor by 105.0% during the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after buying an additional 2,735 shares during the last quarter. 2.58% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on HMC shares. ValuEngine lowered Honda Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $33.18 price target on shares of Honda Motor in a report on Friday, July 14th. J P Morgan Chase & Co lowered Honda Motor from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 5th. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. Finally, BidaskClub lowered Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.50.
Honda Motor Company, Ltd. (HMC) opened at 30.09 on Tuesday. The company’s 50 day moving average price is $28.99 and its 200-day moving average price is $28.43. The stock has a market cap of $54.23 billion, a price-to-earnings ratio of 9.04 and a beta of 1.03. Honda Motor Company, Ltd. has a 12-month low of $27.05 and a 12-month high of $32.17.
Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The firm had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same quarter in the prior year, the firm earned $96.93 EPS. Honda Motor’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts forecast that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
Honda Motor 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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