Equity Investment Corp Has $70.05 Million Stock Holdings in Honda Motor Co., Ltd. $HMC

Equity Investment Corp boosted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,274,239 shares of the company’s stock after buying an additional 30,712 shares during the period. Equity Investment Corp’s holdings in Honda Motor were worth $70,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC raised its position in Honda Motor by 86.2% during the second quarter. Savant Capital LLC now owns 22,073 shares of the company’s stock valued at $636,000 after purchasing an additional 10,221 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Honda Motor by 4.3% in the 2nd quarter. Assetmark Inc. now owns 227,722 shares of the company’s stock valued at $6,565,000 after purchasing an additional 9,314 shares in the last quarter. Ascent Group LLC bought a new position in shares of Honda Motor in the 2nd quarter valued at $234,000. Fisher Asset Management LLC raised its holdings in shares of Honda Motor by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock worth $298,895,000 after buying an additional 239,663 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Honda Motor by 53.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 24,908 shares of the company’s stock worth $718,000 after buying an additional 8,636 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Down 0.6%

Shares of Honda Motor stock opened at $30.55 on Wednesday. The stock’s 50-day moving average is $30.19 and its 200 day moving average is $31.41. Honda Motor Co., Ltd. has a one year low of $24.56 and a one year high of $34.89. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.23 and a beta of 0.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.13.

Honda Motor (NYSE:HMC) last issued its earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). The firm had revenue of $34.71 billion during the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HMC. Nomura upgraded Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.