Honda Motor Co Ltd (HMC) Shares Bought by Northern Trust Corp

Share on StockTwits

Northern Trust Corp grew its holdings in shares of Honda Motor Co Ltd (NYSE:HMC) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,678,119 shares of the company’s stock after purchasing an additional 22,209 shares during the period. Northern Trust Corp owned approximately 0.09% of Honda Motor worth $49,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Republic Investment Management Inc. increased its holdings in shares of Honda Motor by 2.4% during the second quarter. First Republic Investment Management Inc. now owns 73,996 shares of the company’s stock valued at $2,166,000 after purchasing an additional 1,766 shares during the period. Aviance Capital Partners LLC boosted its stake in Honda Motor by 47.3% during the second quarter. Aviance Capital Partners LLC now owns 27,309 shares of the company’s stock valued at $799,000 after buying an additional 8,763 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Honda Motor by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 234,608 shares of the company’s stock valued at $6,867,000 after buying an additional 4,650 shares in the last quarter. Community Financial Services Group LLC boosted its stake in Honda Motor by 10.8% during the second quarter. Community Financial Services Group LLC now owns 54,550 shares of the company’s stock valued at $1,596,000 after buying an additional 5,300 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Honda Motor by 26.8% during the second quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock valued at $37,613,000 after buying an additional 271,936 shares in the last quarter. 2.07% of the stock is currently owned by institutional investors.

HMC has been the subject of several research reports. Zacks Investment Research cut Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Nomura cut Honda Motor from a “buy” rating to a “neutral” rating in a research note on Monday, July 16th. Finally, ValuEngine cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Honda Motor currently has an average rating of “Buy” and a consensus target price of $37.50.

Shares of HMC stock opened at $27.21 on Friday. Honda Motor Co Ltd has a fifty-two week low of $26.90 and a fifty-two week high of $37.29. The stock has a market cap of $54.49 billion, a P/E ratio of 7.52, a PEG ratio of 2.93 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.19. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The business had revenue of $4,024.10 billion during the quarter, compared to analysts’ expectations of $3,794.23 billion. During the same quarter last year, the business posted $115.04 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Honda Motor Co Ltd will post 3.55 EPS for the current fiscal year.

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.

Recommended Story: How a Put Option Works

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply