Russell Investments Group Ltd. Acquires 27,713 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Russell Investments Group Ltd. grew its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 216.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,504 shares of the company’s stock after purchasing an additional 27,713 shares during the quarter. Russell Investments Group Ltd.’s holdings in Honda Motor were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc bought a new position in shares of Honda Motor in the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Honda Motor during the fourth quarter valued at approximately $26,000. R Squared Ltd bought a new position in shares of Honda Motor during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Honda Motor in the third quarter worth $36,000. Finally, Manchester Capital Management LLC bought a new position in shares of Honda Motor during the fourth quarter valued at $40,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HMC shares. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein began coverage on Honda Motor in a report on Monday, April 14th. They issued a “market perform” rating for the company.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $29.09 on Monday. The firm has a 50 day moving average of $28.11 and a 200 day moving average of $28.16. The firm has a market capitalization of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.99. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor Company 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.