Equity Investment Corp Acquires 36,221 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp lifted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 1.8% in the third quarter, HoldingsChannel reports. The fund owned 2,097,616 shares of the company’s stock after buying an additional 36,221 shares during the period. Equity Investment Corp’s holdings in Honda Motor were worth $66,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HMC. Ballentine Partners LLC raised its holdings in Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after buying an additional 359 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Honda Motor by 1.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after buying an additional 389 shares during the last quarter. Harrington Investments INC raised its holdings in Honda Motor by 1.0% during the 2nd quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock valued at $1,284,000 after buying an additional 410 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Honda Motor by 8.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock valued at $206,000 after buying an additional 463 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Honda Motor by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock valued at $2,628,000 after buying an additional 495 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Up 0.2 %

Shares of Honda Motor stock opened at $25.82 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $30.70 and its two-hundred day simple moving average is $31.71. The company has a market cap of $44.17 billion, a P/E ratio of 6.38, a PEG ratio of 2.61 and a beta of 0.67. Honda Motor Co., Ltd. has a 12-month low of $25.57 and a 12-month high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion for the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

About Honda Motor

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.