Honda Motor Co., Ltd. $HMC Holdings Increased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 227,722 shares of the company’s stock after acquiring an additional 9,314 shares during the period. Assetmark Inc.’s holdings in Honda Motor were worth $6,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Keybank National Association OH raised its position in shares of Honda Motor by 7.7% during the 2nd quarter. Keybank National Association OH now owns 8,561 shares of the company’s stock worth $247,000 after buying an additional 611 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Honda Motor by 27.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 62,850 shares of the company’s stock worth $1,812,000 after buying an additional 13,384 shares in the last quarter. Auto Owners Insurance Co raised its position in shares of Honda Motor by 167.6% during the 2nd quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock worth $18,902,000 after buying an additional 410,650 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of Honda Motor by 11.2% during the 2nd quarter. Logan Capital Management Inc. now owns 136,793 shares of the company’s stock worth $3,944,000 after buying an additional 13,809 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Honda Motor by 247.9% in the 2nd quarter. Bessemer Group Inc. now owns 3,820 shares of the company’s stock worth $110,000 after purchasing an additional 2,722 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HMC has been the topic of a number of research reports. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Honda Motor currently has a consensus rating of “Hold”.

Honda Motor Stock Performance

Honda Motor stock opened at $30.51 on Monday. The firm’s 50 day simple moving average is $32.49 and its 200-day simple moving average is $31.26. The company has a market cap of $47.61 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 1.17 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.89.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. As a group, equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Honda Motor Profile

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.