Oppenheimer Asset Management Inc. Increases Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Oppenheimer Asset Management Inc. boosted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,165 shares of the company’s stock after purchasing an additional 401 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Honda Motor were worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HMC. Optas LLC bought a new stake in shares of Honda Motor during the 3rd quarter valued at about $203,000. Janney Montgomery Scott LLC boosted its position in Honda Motor by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock valued at $2,628,000 after acquiring an additional 495 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Honda Motor by 1.3% during the 3rd quarter. Forum Financial Management LP now owns 44,457 shares of the company’s stock worth $1,411,000 after acquiring an additional 587 shares during the period. Cozad Asset Management Inc. bought a new position in shares of Honda Motor in the 3rd quarter worth approximately $212,000. Finally, Assetmark Inc. lifted its stake in shares of Honda Motor by 3.7% in the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock valued at $8,924,000 after purchasing an additional 9,978 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

Shares of HMC opened at $27.51 on Tuesday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The firm’s 50-day simple moving average is $28.26 and its two-hundred day simple moving average is $29.12. The stock has a market cap of $42.94 billion, a PE ratio of 6.40 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

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.