Prudential PLC raised its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 46.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,737,887 shares of the company’s stock after purchasing an additional 548,500 shares during the quarter. Prudential PLC owned 0.10% of Honda Motor worth $47,601,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. TD Asset Management Inc. raised its holdings in shares of Honda Motor by 2.2% during the second quarter. TD Asset Management Inc. now owns 10,750 shares of the company’s stock valued at $357,000 after acquiring an additional 227 shares in the last quarter. Pacad Investment Ltd. raised its holdings in shares of Honda Motor by 6.3% during the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after acquiring an additional 300 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Honda Motor by 1.1% during the second quarter. Neuberger Berman Group LLC now owns 29,777 shares of the company’s stock valued at $816,000 after acquiring an additional 338 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Honda Motor by 7.3% during the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after acquiring an additional 377 shares in the last quarter. Finally, Smithfield Trust Co. raised its holdings in shares of Honda Motor by 7.9% during the second quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock valued at $176,000 after acquiring an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 2.58% of the company’s stock.

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A number of brokerages recently commented on HMC. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. Jefferies Group LLC set a $35.00 target price on Honda Motor and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub downgraded Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine downgraded Honda Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Instinet upgraded Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.50.

Honda Motor Company, Ltd. (NYSE:HMC) traded up 0.20% during midday trading on Thursday, hitting $30.11. The stock had a trading volume of 45,699 shares. The company’s 50 day moving average price is $28.78 and its 200-day moving average price is $28.46. The stock has a market cap of $54.27 billion, a PE ratio of 9.05 and a beta of 1.03. Honda Motor Company, Ltd. has a 52-week low of $27.05 and a 52-week high of $32.17.

Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The business had revenue of $3,713 billion during 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%. Honda Motor’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $96.93 EPS. Analysts forecast that Honda Motor Company, Ltd. will post $2.76 EPS for the current fiscal year.

Honda Motor Profile

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.

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

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