Honda Motor Company, Ltd. (NYSE:HMC) Stake Increased by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD raised its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 26.4% during the second quarter, Holdings Channel reports. The fund owned 2,154,333 shares of the company’s stock after buying an additional 449,345 shares during the period. Honda Motor accounts for about 1.7% of Mondrian Investment Partners LTD’s portfolio, making the stock its 17th largest position. Mondrian Investment Partners LTD’s holdings in Honda Motor were worth $58,167,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Honda Motor during the first quarter worth $20,677,000. Macquarie Group Ltd. boosted its stake in shares of Honda Motor by 20.6% in the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after buying an additional 566,685 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Honda Motor by 6.3% in the first quarter. American Century Companies Inc. now owns 4,126,146 shares of the company’s stock worth $124,857,000 after buying an additional 245,350 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Honda Motor by 29.6% in the first quarter. Parametric Portfolio Associates LLC now owns 914,803 shares of the company’s stock worth $27,682,000 after buying an additional 208,767 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Honda Motor during the first quarter worth $5,738,000. Hedge funds and other institutional investors own 2.56% of the company’s stock.

Honda Motor Company, Ltd. (NYSE:HMC) opened at 27.58 on Friday. The company’s 50-day moving average price is $27.70 and its 200-day moving average price is $29.13. Honda Motor Company, Ltd. has a one year low of $27.05 and a one year high of $32.17. The firm has a market cap of $49.71 billion, a price-to-earnings ratio of 8.46 and a beta of 1.01.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $96.93 EPS. On average, analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.

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HMC has been the subject of a number of research reports. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. TheStreet upgraded Honda Motor from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Honda Motor in a research note on Friday, May 26th. BidaskClub cut Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, J P Morgan Chase & Co cut Honda Motor from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.59.

Honda Motor Company Profile

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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

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