Honda Motor (NYSE:HMC) Reaches New 1-Year High at $33.28

Honda Motor Co., Ltd. (NYSE:HMC)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.28 and last traded at $33.27, with a volume of 13859 shares. The stock had previously closed at $32.74.

Separately, Zacks Investment Research lowered Honda Motor from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Thursday, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.00.

The stock has a 50 day moving average price of $30.73. The company has a market capitalization of $57.39 billion, a PE ratio of 9.04, a PEG ratio of 0.80 and a beta of 0.86. The company has a current ratio of 1.33, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 14th. Shareholders of record on Tuesday, March 30th will be given a dividend of $0.395 per share. The ex-dividend date of this dividend is Monday, March 29th. This is a positive change from Honda Motor’s previous quarterly dividend of $0.15. This represents a $1.58 dividend on an annualized basis and a yield of 4.75%. Honda Motor’s dividend payout ratio (DPR) is presently 43.73%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Greenleaf Trust lifted its holdings in shares of Honda Motor by 3.4% during the 4th quarter. Greenleaf Trust now owns 12,192 shares of the company’s stock valued at $344,000 after buying an additional 402 shares during the last quarter. First Hawaiian Bank lifted its holdings in Honda Motor by 0.3% in the 1st quarter. First Hawaiian Bank now owns 141,815 shares of the company’s stock worth $4,283,000 after purchasing an additional 408 shares during the last quarter. Veriti Management LLC lifted its holdings in Honda Motor by 2.9% in the 1st quarter. Veriti Management LLC now owns 17,444 shares of the company’s stock worth $527,000 after purchasing an additional 488 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Honda Motor by 13.2% in the 1st quarter. Quadrant Capital Group LLC now owns 5,030 shares of the company’s stock worth $152,000 after purchasing an additional 588 shares during the last quarter. Finally, JJJ Advisors Inc. lifted its holdings in Honda Motor by 23.2% in the 1st quarter. JJJ Advisors Inc. now owns 3,177 shares of the company’s stock worth $96,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Honda Motor Company Profile (NYSE:HMC)

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

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