Bank of New York Mellon Corp Purchases 4,483 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Bank of New York Mellon Corp boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,236 shares of the company’s stock after buying an additional 4,483 shares during the quarter. Bank of New York Mellon Corp’s holdings in Honda Motor were worth $2,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HMC. Seven Eight Capital LP bought a new position in Honda Motor in the 1st quarter worth $1,509,000. Dimensional Fund Advisors LP boosted its position in shares of Honda Motor by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after acquiring an additional 141,552 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Honda Motor by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 9,644,064 shares of the company’s stock worth $298,098,000 after buying an additional 232,148 shares during the last quarter. Blue Trust Inc. raised its position in Honda Motor by 179.6% during the second quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock valued at $112,000 after purchasing an additional 2,233 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in Honda Motor during the second quarter worth $5,396,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

Honda Motor Trading Down 0.4 %

Shares of Honda Motor stock opened at $31.49 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. Honda Motor Co., Ltd. has a fifty-two week low of $27.69 and a fifty-two week high of $37.90. The firm has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $33.29. The company has a market cap of $53.86 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 4.44 earnings per share for the current fiscal 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.