Signaturefd LLC cut its position in shares of Honda Motor Co Ltd (NYSE:HMC) by 53.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,783 shares of the company’s stock after selling 10,279 shares during the quarter. Signaturefd LLC’s holdings in Honda Motor were worth $227,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Equity Investment Corp grew its holdings in Honda Motor by 17.7% in the first quarter. Equity Investment Corp now owns 2,329,659 shares of the company’s stock valued at $63,297,000 after purchasing an additional 349,614 shares during the period. Brandes Investment Partners LP grew its holdings in Honda Motor by 8.9% in the first quarter. Brandes Investment Partners LP now owns 1,716,893 shares of the company’s stock valued at $46,648,000 after purchasing an additional 140,063 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Honda Motor by 3.2% in the first quarter. Parametric Portfolio Associates LLC now owns 1,602,098 shares of the company’s stock valued at $43,529,000 after purchasing an additional 49,933 shares during the period. Raymond James & Associates grew its holdings in Honda Motor by 12.6% in the first quarter. Raymond James & Associates now owns 349,482 shares of the company’s stock valued at $9,495,000 after purchasing an additional 39,118 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Honda Motor by 10.2% in the first quarter. Envestnet Asset Management Inc. now owns 234,550 shares of the company’s stock valued at $6,373,000 after purchasing an additional 21,764 shares during the period. Institutional investors and hedge funds own 2.05% of the company’s stock.
HMC has been the subject of a number of recent analyst reports. Deutsche Bank upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. TheStreet downgraded shares of Honda Motor from a “b” rating to a “c+” rating in a report on Wednesday, May 8th. UBS Group downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, June 19th. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, ValuEngine upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Honda Motor currently has an average rating of “Hold” and an average price target of $31.00.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $36.36 billion for the quarter, compared to analyst estimates of $36.46 billion. Honda Motor had a net margin of 3.38% and a return on equity of 6.26%. As a group, analysts anticipate that Honda Motor Co Ltd will post 3.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.65%. This is a boost from Honda Motor’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, June 26th. Honda Motor’s payout ratio is 26.92%.
Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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