HighTower Advisors LLC lowered its place in shares of Honda Motor Firm, Ltd. (NYSE:HMC) by 26.eight% within the second quarter, in line with the corporate in its most up-to-date disclosure with the Securities & Change Fee. The fund owned 15,060 shares of the corporate’s inventory after promoting 5,517 shares in the course of the quarter. HighTower Advisors LLC’s holdings in Honda Motor had been price $415,000 on the finish of the newest reporting interval.
Different hedge funds and different institutional buyers additionally just lately added to or decreased their stakes within the firm. Mascoma Wealth Administration LLC acquired a brand new place in Honda Motor within the second quarter valued at about $103,000. IFP Advisors Inc grew its stake in Honda Motor by 13.2% within the second quarter. IFP Advisors Inc now owns four,884 shares of the corporate’s inventory valued at $134,000 after buying a further 571 shares in the course of the interval. Pacad Funding Ltd. boosted its place in shares of Honda Motor by 6.three% in the course of the second quarter. Pacad Funding Ltd. now owns 5,100 shares of the corporate’s inventory price $140,000 after shopping for a further 300 shares in the course of the interval. Proficio Capital Companions LLC boosted its place in shares of Honda Motor by 105.zero% in the course of the first quarter. Proficio Capital Companions LLC now owns 5,339 shares of the corporate’s inventory price $149,000 after shopping for a further 2,735 shares in the course of the interval. Lastly, SG Americas Securities LLC boosted its place in shares of Honda Motor by 7.three% in the course of the second quarter. SG Americas Securities LLC now owns 5,552 shares of the corporate’s inventory price $152,000 after shopping for a further 377 shares in the course of the interval. Institutional buyers and hedge funds personal 2.58% of the corporate’s inventory.
Shares of Honda Motor Firm, Ltd. (HMC) opened at 30.93 on Friday. The agency has a market cap of $55.74 billion, a P/E ratio of 9.30 and a beta of 1.03. The corporate’s 50 day transferring common worth is $29.95 and its 200 day transferring common worth is $28.51. Honda Motor Firm, Ltd. has a 12-month low of $27.05 and a 12-month excessive of $32.17.
Honda Motor (NYSE:HMC) final introduced its quarterly earnings outcomes on Tuesday, August 1st. The corporate reported $1.04 earnings per share for the quarter, topping the consensus estimate of $zero.83 by $zero.21. Honda Motor had a internet margin of four.58% and a return on fairness of eight.57%. The agency had income of $three,713 billion in the course of the quarter, in comparison with badysts’ expectations of $three,525.55 billion. Throughout the identical quarter within the prior yr, the corporate earned $96.93 EPS. The corporate’s income was up 7.zero% in comparison with the identical quarter final yr. Equities badysis badysts forecast that Honda Motor Firm, Ltd. will publish $2.76 EPS for the present yr.
A number of brokerages just lately commented on HMC. Morgan Stanley reduce Honda Motor from an “chubby” score to an “equal weight” score in a badysis report on Tuesday, September fifth. Jefferies Group LLC reissued a “purchase” score and set a $36.36 worth goal on shares of Honda Motor in a badysis report on Friday, October 13th. ValuEngine lowered Honda Motor from a “purchase” score to a “maintain” score in a badysis notice on Friday, September 1st. Zacks Funding Analysis lowered Honda Motor from a “purchase” score to a “promote” score in a badysis notice on Tuesday, October 17th. Lastly, BidaskClub lowered Honda Motor from a “promote” score to a “robust promote” score in a badysis notice on Thursday, August 10th. Two equities badysis badysts have rated the inventory with a promote score, 5 have badigned a maintain score and three have issued a purchase score to the inventory. Honda Motor has a consensus score of “Maintain” and a consensus goal worth of $34.18.
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About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets bikes, cars and energy merchandise the world over. The Firm’s segments embody Motorbike Enterprise, Car enterprise, Monetary companies enterprise, and Energy product and different companies. The Firm produces a spread of bikes, with engine displacement starting from the 50 cubic centimeters clbad to the 1,800 cubic centimeters clbad.
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