Equity Investment Corp Has $60.02 Million Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp boosted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,102,311 shares of the company’s stock after purchasing an additional 4,695 shares during the quarter. Equity Investment Corp owned about 0.13% of Honda Motor worth $60,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. XY Capital Ltd bought a new stake in shares of Honda Motor in the 4th quarter valued at $1,294,000. Hedges Asset Management LLC increased its position in Honda Motor by 91.8% in the 4th quarter. Hedges Asset Management LLC now owns 28,000 shares of the company’s stock valued at $799,000 after buying an additional 13,400 shares in the last quarter. Persium Advisors LLC acquired a new position in Honda Motor during the 4th quarter worth approximately $628,000. International Assets Investment Management LLC boosted its holdings in Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after acquiring an additional 184,057 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Honda Motor by 22.8% in the third quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock valued at $1,832,000 after acquiring an additional 10,720 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Trading Up 1.0 %

Shares of Honda Motor stock opened at $27.91 on Thursday. The company has a market capitalization of $43.56 billion, a P/E ratio of 6.49 and a beta of 0.58. The stock has a fifty day simple moving average of $28.09 and a 200 day simple moving average of $29.18. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The firm had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. On average, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HMC has been the topic of a number of recent research reports. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.