Honda Motor Co., Ltd. (NYSE:HMC) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its position in Honda Motor Co., Ltd. (NYSE:HMC) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,647 shares of the company’s stock after buying an additional 634 shares during the period. Parallel Advisors LLC’s holdings in Honda Motor were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HMC. Principal Securities Inc. acquired a new stake in Honda Motor in the 4th quarter worth about $41,000. BNP Paribas Financial Markets boosted its holdings in shares of Honda Motor by 61.1% during the 4th quarter. BNP Paribas Financial Markets now owns 23,206 shares of the company’s stock worth $717,000 after purchasing an additional 8,805 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $52,303,000 after purchasing an additional 141,552 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Honda Motor by 49.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 81,971 shares of the company’s stock worth $2,533,000 after purchasing an additional 27,022 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Honda Motor by 4.8% during the 4th quarter. Corient Private Wealth LLC now owns 62,542 shares of the company’s stock worth $1,933,000 after purchasing an additional 2,884 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 stock has a market cap of $53.86 billion, a P/E ratio of 6.67, a P/E/G ratio of 2.88 and a beta of 0.67. The stock’s 50 day simple moving average is $31.53 and its 200-day simple moving average is $33.29. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07.

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