Ballentine Partners LLC Grows Stake in Honda Motor Co., Ltd. $HMC

Ballentine Partners LLC increased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 56.6% during the second quarter, Holdings Channel reports. The firm owned 14,424 shares of the company’s stock after acquiring an additional 5,211 shares during the quarter. Ballentine Partners LLC’s holdings in Honda Motor were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Honda Motor by 4,016.7% in the first quarter. GAMMA Investing LLC now owns 141,944 shares of the company’s stock worth $38,510,000 after buying an additional 138,496 shares in the last quarter. Millennium Management LLC lifted its stake in Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after purchasing an additional 100,330 shares in the last quarter. Equity Investment Corp boosted its holdings in shares of Honda Motor by 4.6% during the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock valued at $59,646,000 after purchasing an additional 96,230 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of Honda Motor by 603.1% during the first quarter. Campbell & CO Investment Adviser LLC now owns 94,558 shares of the company’s stock valued at $2,565,000 after purchasing an additional 81,110 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Honda Motor in the first quarter worth about $1,521,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HMC has been the subject of a number of research reports. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Finally, Macquarie downgraded shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Honda Motor Trading Down 0.8%

Shares of HMC opened at $33.13 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market capitalization of $51.71 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.10 and a beta of 0.52. The company has a 50-day moving average of $33.31 and a 200 day moving average of $30.69. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.89.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The firm had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. On average, research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Honda Motor Profile

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.