Johnson Investment Counsel Inc. Takes Position in Honda Motor Co., Ltd. $HMC

Johnson Investment Counsel Inc. bought a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,373 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also added to or reduced their stakes in HMC. Trust Co. of Toledo NA OH purchased a new stake in Honda Motor during the second quarter valued at about $46,000. PDS Planning Inc boosted its holdings in Honda Motor by 13.7% during the 2nd quarter. PDS Planning Inc now owns 10,428 shares of the company’s stock valued at $301,000 after acquiring an additional 1,259 shares during the period. Blue Trust Inc. grew its position in Honda Motor by 36.5% during the 2nd quarter. Blue Trust Inc. now owns 10,439 shares of the company’s stock worth $301,000 after acquiring an additional 2,793 shares during the last quarter. Callan Family Office LLC grew its position in Honda Motor by 338.9% during the 2nd quarter. Callan Family Office LLC now owns 48,907 shares of the company’s stock worth $1,410,000 after acquiring an additional 37,764 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in Honda Motor by 0.3% in the second quarter. QRG Capital Management Inc. now owns 180,352 shares of the company’s stock valued at $5,200,000 after purchasing an additional 532 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Honda Motor Stock Down 0.7%

Shares of NYSE HMC opened at $30.57 on Friday. The firm has a fifty day simple moving average of $32.99 and a two-hundred day simple moving average of $30.83. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.89. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $47.72 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) 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 company had revenue of $36.22 billion for the quarter, compared to analysts’ expectations of $36.04 billion. Equities analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.