Callan Family Office LLC Has $1.41 Million Stock Holdings in Honda Motor Co., Ltd. $HMC

Callan Family Office LLC boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 338.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 48,907 shares of the company’s stock after acquiring an additional 37,764 shares during the period. Callan Family Office LLC’s holdings in Honda Motor were worth $1,410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HMC. Millennium Management LLC grew its holdings in shares of Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after buying an additional 100,330 shares during the period. Equity Investment Corp grew its holdings in shares of Honda Motor by 4.6% in the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock valued at $59,646,000 after buying an additional 96,230 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in shares of Honda Motor by 603.1% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 94,558 shares of the company’s stock valued at $2,565,000 after buying an additional 81,110 shares during the period. ABC Arbitrage SA acquired a new position in shares of Honda Motor in the 1st quarter valued at $1,521,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Honda Motor by 45.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 127,803 shares of the company’s stock valued at $3,467,000 after buying an additional 39,879 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HMC. Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Saturday, September 27th. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Honda Motor has a consensus rating of “Reduce”.

Honda Motor Stock Down 2.7%

Shares of HMC opened at $29.83 on Monday. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.89. The firm has a market cap of $46.55 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.48. The firm’s 50-day simple moving average is $33.09 and its 200 day simple moving average is $30.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

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

About Honda Motor

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.