Northern Trust Corp reduced its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,530,396 shares of the company’s stock after selling 41,320 shares during the period. Northern Trust Corp owned about 0.08% of Honda Motor worth $41,917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMC. American Century Companies Inc. lifted its position in shares of Honda Motor by 35.3% during the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after purchasing an additional 1,455,144 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Honda Motor by 132.1% during the second quarter. Federated Investors Inc. PA now owns 1,270,557 shares of the company’s stock worth $34,800,000 after purchasing an additional 723,125 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Honda Motor by 20.6% during the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after purchasing an additional 566,685 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Honda Motor by 26.4% during the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after purchasing an additional 449,345 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its position in shares of Honda Motor by 7.5% during the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock worth $107,247,000 after purchasing an additional 271,870 shares in the last quarter. 2.58% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Thursday, August 17th. Jefferies Group LLC set a $35.00 price target on shares of Honda Motor and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.50.

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Shares of Honda Motor Company, Ltd. (HMC) opened at 30.29 on Wednesday. The company has a market cap of $54.59 billion, a price-to-earnings ratio of 9.10 and a beta of 1.03. The company has a 50 day moving average of $29.07 and a 200-day moving average of $28.43. 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 posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The company had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same period in the prior year, the business earned $96.93 earnings per share. Honda Motor’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.

Honda Motor Company 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.

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

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