Dodge & Cox Decreases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Dodge & Cox cut its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,074,900 shares of the company’s stock after selling 1,475 shares during the period. Dodge & Cox’s holdings in Honda Motor were worth $630,238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Honda Motor by 84.6% during the third quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after buying an additional 1,150 shares during the period. Stifel Financial Corp raised its position in shares of Honda Motor by 12.8% during the 3rd quarter. Stifel Financial Corp now owns 95,005 shares of the company’s stock worth $3,015,000 after purchasing an additional 10,778 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Honda Motor by 10.4% in the third quarter. Orion Portfolio Solutions LLC now owns 14,683 shares of the company’s stock valued at $466,000 after acquiring an additional 1,388 shares in the last quarter. M&T Bank Corp lifted its holdings in Honda Motor by 8.2% in the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock valued at $250,000 after purchasing an additional 595 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Honda Motor during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. Sanford C. Bernstein initiated coverage on Honda Motor in a research report on Monday. They issued a “market perform” rating on the stock. Finally, StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

Honda Motor Stock Performance

Shares of HMC stock opened at $28.17 on Tuesday. The company’s fifty day simple moving average is $28.05 and its 200-day simple moving average is $28.25. The company has a market cap of $43.97 billion, a PE ratio of 6.55 and a beta of 0.57. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $36.52. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating 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 business had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. As a group, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS 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.