M&T Bank Corp Purchases Shares of 8,489 Honda Motor Co., Ltd. (NYSE:HMC)

M&T Bank Corp purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,489 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors also recently bought and sold shares of HMC. Raymond James Financial Inc. acquired a new position in Honda Motor in the fourth quarter valued at approximately $11,909,000. Farther Finance Advisors LLC increased its position in shares of Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock valued at $53,000 after buying an additional 770 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Honda Motor by 33.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,270 shares of the company’s stock valued at $921,000 after buying an additional 8,070 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Honda Motor in the fourth quarter valued at approximately $412,000. Finally, Boston Partners increased its position in shares of Honda Motor by 10.9% in the fourth quarter. Boston Partners now owns 43,322 shares of the company’s stock valued at $1,237,000 after buying an additional 4,252 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen cut Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Dbs Bank cut Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Macquarie cut Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein assumed coverage on Honda Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Honda Motor Stock Performance

NYSE HMC opened at $30.00 on Friday. The stock’s fifty day moving average is $29.65 and its two-hundred day moving average is $28.96. The firm has a market capitalization of $46.83 billion, a P/E ratio of 8.60 and a beta of 0.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $33.72.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The business had revenue of $36.25 billion during the quarter, compared to analyst estimates of $5,371.99 billion. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.