42,828 Shares in Honda Motor Co., Ltd. (NYSE:HMC) Bought by Royal Fund Management LLC

Royal Fund Management LLC purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 42,828 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC boosted its position in shares of Honda Motor by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares in the last quarter. Equity Investment Corp boosted its holdings in Honda Motor by 1.8% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock valued at $66,557,000 after purchasing an additional 36,221 shares in the last quarter. FMR LLC grew its stake in shares of Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the period. Raymond James & Associates raised its holdings in shares of Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Honda Motor by 3.7% during the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock worth $8,924,000 after buying an additional 9,978 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Stock Up 1.6 %

Shares of HMC opened at $28.70 on Wednesday. The business’s 50 day simple moving average is $26.94 and its 200-day simple moving average is $29.80. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The company has a market capitalization of $44.79 billion, a P/E ratio of 7.09 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The business had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.2 EPS for the current fiscal year.

Honda Motor Company 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.