Honda Motor Co., Ltd. $HMC Stock: Fisher Asset Management LLC Increases Stake

Fisher Asset Management LLC raised its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,200,275 shares of the company’s stock after acquiring an additional 379,760 shares during the period. Fisher Asset Management LLC owned approximately 0.53% of Honda Motor worth $259,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HMC. Donald Smith & CO. Inc. bought a new stake in Honda Motor during the 2nd quarter valued at approximately $109,593,000. BlackRock Inc. increased its position in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after buying an additional 691,165 shares during the period. Bank of America Corp DE increased its position in Honda Motor by 3.6% in the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after buying an additional 99,301 shares during the period. First Trust Advisors LP lifted its holdings in shares of Honda Motor by 16.5% during the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after buying an additional 197,431 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Honda Motor by 13.4% during the first quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after buying an additional 47,382 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HMC. BNP Paribas Exane started coverage on shares of Honda Motor in a research note on Friday, September 18th. They set a “neutral” rating and a $34.00 target price for the company. Wall Street Zen upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. Finally, Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honda Motor presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Honda Motor Stock Up 0.7%

HMC opened at $33.59 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.32. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $36.88. The stock’s 50 day simple moving average is $33.16 and its 200-day simple moving average is $29.13.

Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, November 10th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.63). Honda Motor had a negative return on equity of 1.78% and a negative net margin of 0.97%. The firm had revenue of $39.13 billion during the quarter, compared to the consensus estimate of $36.68 billion. On average, analysts expect that Honda Motor Co., Ltd. will post 2.42 earnings per share for the current fiscal year.

About Honda Motor

Honda Motor Co., Ltd. is a Japan-based manufacturer of automobiles, motorcycles and other mobility products. Its vehicle lineup includes passenger cars, SUVs and electrified models, while its motorcycle business serves consumers and commercial users in markets around the world. The company also makes power equipment, marine engines and other products, and provides financial services that support vehicle and equipment sales. Honda’s aviation subsidiary, Honda Aircraft Company, develops and manufactures the HondaJet business aircraft.