Royal Bank of Canada Raises Position in Honda Motor Co., Ltd. $HMC

Royal Bank of Canada grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 401,613 shares of the company’s stock after acquiring an additional 47,382 shares during the quarter. Royal Bank of Canada’s holdings in Honda Motor were worth $9,763,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Auto Owners Insurance Co grew its position in Honda Motor by 5,004.4% during the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after purchasing an additional 8,414,952 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Honda Motor by 34.8% during the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after buying an additional 1,083,245 shares during the period. Donald Smith & CO. Inc. lifted its position in Honda Motor by 28.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after acquiring an additional 590,128 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Honda Motor during the 2nd quarter valued at about $12,987,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Honda Motor by 1,421.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock valued at $12,289,000 after purchasing an additional 389,442 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HMC shares. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

Honda Motor Price Performance

NYSE:HMC opened at $31.83 on Monday. The firm’s fifty day moving average is $27.93 and its two-hundred day moving average is $27.34. The firm has a market cap of $49.68 billion, a price-to-earnings ratio of -45.47 and a beta of 0.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The business had revenue of $37.27 billion during the quarter. Research analysts expect that Honda Motor Co., Ltd. will post 1.3 EPS for the current year.

Honda Motor Company 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.