Donald Smith & CO. Inc. Invests $109.59 Million in Honda Motor Co., Ltd. $HMC

Donald Smith & CO. Inc. acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,042,521 shares of the company’s stock, valued at approximately $109,593,000. Honda Motor comprises approximately 1.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 24th largest position. Donald Smith & CO. Inc. owned approximately 0.26% of Honda Motor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HMC. Advisory Services Network LLC grew its position in Honda Motor by 1.3% in the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after purchasing an additional 329 shares during the period. WealthCollab LLC lifted its holdings in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares during the period. Allworth Financial LP lifted its holdings in shares of Honda Motor by 14.8% during the 4th quarter. Allworth Financial LP now owns 3,034 shares of the company’s stock valued at $89,000 after buying an additional 392 shares during the period. Harbour Investments Inc. boosted its stake in shares of Honda Motor by 5.8% in the 4th quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock worth $214,000 after buying an additional 400 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Honda Motor by 0.5% in the 2nd quarter. Cerity Partners LLC now owns 90,498 shares of the company’s stock worth $2,609,000 after buying an additional 414 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HMC. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.00.

Honda Motor Stock Performance

NYSE:HMC opened at $33.39 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The stock has a 50-day simple moving average of $28.94 and a two-hundred day simple moving average of $27.47. The firm has a market capitalization of $52.12 billion, a PE ratio of -47.70 and a beta of 0.42. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. Analysts forecast that Honda Motor Co., Ltd. will post 2.11 EPS for the current year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.