Point72 Asset Management L.P. Takes Position in Honda Motor Co., Ltd. (NYSE:HMC)

Point72 Asset Management L.P. bought a new position in Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,336 shares of the company’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Honda Motor by 23.0% in the first quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock valued at $62,000 after acquiring an additional 313 shares during the period. RFP Financial Group LLC increased its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 316 shares during the period. Gallacher Capital Management LLC lifted its holdings in Honda Motor by 2.6% in the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after buying an additional 336 shares during the period. Ballentine Partners LLC lifted its holdings in Honda Motor by 3.4% in the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock worth $353,000 after buying an additional 359 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Honda Motor by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company’s stock valued at $702,000 after buying an additional 395 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 2.7 %

NYSE:HMC opened at $32.62 on Friday. Honda Motor Co., Ltd. has a 12 month low of $27.69 and a 12 month high of $37.90. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $31.66 and a 200-day moving average price of $33.01. The stock has a market cap of $55.80 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 2.81 and a beta of 0.67.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Equities analysts predict that Honda Motor Co., Ltd. will post 4.73 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.

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.