Oppenheimer Asset Management Inc. Purchases 401 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Oppenheimer Asset Management Inc. raised its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,165 shares of the company’s stock after purchasing an additional 401 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Honda Motor were worth $1,404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HMC. XY Capital Ltd purchased a new position in shares of Honda Motor during the 4th quarter valued at about $1,294,000. Hedges Asset Management LLC grew its position in Honda Motor by 91.8% during the fourth quarter. Hedges Asset Management LLC now owns 28,000 shares of the company’s stock valued at $799,000 after acquiring an additional 13,400 shares during the last quarter. Equity Investment Corp raised its stake in shares of Honda Motor by 1.8% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after acquiring an additional 36,221 shares in the last quarter. Persium Advisors LLC bought a new stake in shares of Honda Motor in the 4th quarter worth approximately $628,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Honda Motor by 22.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock valued at $1,832,000 after purchasing an additional 10,720 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

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

Honda Motor Stock Performance

NYSE:HMC opened at $27.51 on Tuesday. 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 Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The firm has a market cap of $42.94 billion, a PE ratio of 6.40 and a beta of 0.58. The business has a 50 day moving average price of $28.26 and a 200-day moving average price of $29.12.

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, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current 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.