Equity Investment Corp Buys 33,067 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,061,395 shares of the company’s stock after buying an additional 33,067 shares during the quarter. Equity Investment Corp owned approximately 0.12% of Honda Motor worth $66,459,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HMC. Principal Securities Inc. purchased a new stake in shares of Honda Motor in the fourth quarter valued at approximately $41,000. BNP Paribas Financial Markets increased its stake in shares of Honda Motor by 61.1% during the fourth quarter. BNP Paribas Financial Markets now owns 23,206 shares of the company’s stock valued at $717,000 after buying an additional 8,805 shares during the period. Johnson Investment Counsel Inc. bought a new stake in shares of Honda Motor in the fourth quarter valued at about $225,000. Dimensional Fund Advisors LP lifted its stake in Honda Motor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock worth $52,303,000 after acquiring an additional 141,552 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Honda Motor by 16.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 46,975 shares of the company’s stock worth $1,452,000 after acquiring an additional 6,504 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

Honda Motor stock opened at $31.44 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The business has a fifty day moving average of $31.56 and a two-hundred day moving average of $33.40. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $33.75 billion. On average, research analysts predict that Honda Motor Co., Ltd. will post 4.44 EPS for the current fiscal year.

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.

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.