417,116 Shares in Honda Motor Co., Ltd. (NYSE:HMC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 417,116 shares of the company’s stock, valued at approximately $11,909,000.

Several other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares during the last quarter. FMR LLC raised its holdings in Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares during the last quarter. Natixis Advisors LLC raised its holdings in Honda Motor by 6.1% in the 3rd quarter. Natixis Advisors LLC now owns 220,628 shares of the company’s stock valued at $7,001,000 after acquiring an additional 12,720 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Honda Motor by 37.2% in the 3rd quarter. Quantinno Capital Management LP now owns 184,404 shares of the company’s stock valued at $5,851,000 after acquiring an additional 49,963 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Honda Motor by 19.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 181,431 shares of the company’s stock valued at $5,180,000 after acquiring an additional 29,108 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Down 0.4 %

Shares of NYSE HMC opened at $30.17 on Friday. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $37.90. The firm has a fifty day moving average of $28.37 and a 200-day moving average of $28.88. The stock has a market capitalization of $47.08 billion, a PE ratio of 7.02 and a beta of 0.61. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMC. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.