Oppenheimer Asset Management Inc. increased its position in Honda Motor Company, Ltd. (NYSE:HMC) by 15.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,989 shares of the company’s stock after buying an additional 29,344 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Honda Motor were worth $5,999,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Honda Motor by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock worth $2,287,000 after buying an additional 5,420 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in Honda Motor by 13.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 27,480 shares of the company’s stock valued at $832,000 after buying an additional 3,240 shares during the period. Sei Investments Co. boosted its stake in Honda Motor by 10.2% in the first quarter. Sei Investments Co. now owns 67,645 shares of the company’s stock valued at $2,047,000 after buying an additional 6,252 shares during the period. Level Four Advisory Services LLC boosted its stake in Honda Motor by 5.2% in the first quarter. Level Four Advisory Services LLC now owns 17,040 shares of the company’s stock valued at $504,000 after buying an additional 835 shares during the period. Finally, Founders Capital Management acquired a new stake in Honda Motor during the first quarter valued at approximately $1,413,000. Hedge funds and other institutional investors own 2.48% of the company’s stock.

Honda Motor Company, Ltd. (NYSE:HMC) opened at 28.21 on Friday. Honda Motor Company, Ltd. has a 1-year low of $27.05 and a 1-year high of $32.17. The firm has a market capitalization of $50.84 billion, a price-to-earnings ratio of 8.56 and a beta of 1.01. The stock has a 50 day moving average price of $27.84 and a 200 day moving average price of $28.78.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The business had revenue of $3,713 billion for the quarter, compared to analyst estimates of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $96.93 EPS. Analysts predict that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.

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HMC has been the subject of several recent analyst reports. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub cut Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Jefferies Group LLC set a $35.00 price target on Honda Motor and gave the company a “buy” rating in a report on Wednesday, August 16th. Instinet upgraded Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. Finally, Nomura upgraded Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

About Honda Motor

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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