Hilltop Holdings Inc. purchased a new stake in Honda Motor Co Ltd (NYSE:HMC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,996 shares of the company’s stock, valued at approximately $210,000.
Several other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Honda Motor by 3,658.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,097,080 shares in the last quarter. American Century Companies Inc. lifted its stake in Honda Motor by 8.8% during the 3rd quarter. American Century Companies Inc. now owns 5,192,448 shares of the company’s stock worth $156,189,000 after acquiring an additional 421,005 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Honda Motor by 249,459.5% during the 2nd quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after acquiring an additional 301,846 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Honda Motor by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after acquiring an additional 271,936 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Honda Motor by 16.2% during the 3rd quarter. Aperio Group LLC now owns 1,662,045 shares of the company’s stock worth $49,994,000 after acquiring an additional 231,580 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE HMC opened at $26.91 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. Honda Motor Co Ltd has a 1-year low of $26.04 and a 1-year high of $37.29. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 2.50 and a beta of 0.95.
HMC has been the topic of several research reports. Zacks Investment Research raised Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, October 10th. ValuEngine lowered Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.50.
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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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