RNC Capital Management LLC Acquires 1,700 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

RNC Capital Management LLC increased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMCGet Rating) by 15.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,735 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. RNC Capital Management LLC’s holdings in Honda Motor were worth $362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fisher Asset Management LLC boosted its position in Honda Motor by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 8,130,235 shares of the company’s stock worth $231,305,000 after acquiring an additional 215,130 shares during the last quarter. Bank of America Corp DE boosted its position in Honda Motor by 31.1% during the 2nd quarter. Bank of America Corp DE now owns 1,660,214 shares of the company’s stock worth $53,427,000 after acquiring an additional 394,239 shares during the last quarter. BlackRock Inc. boosted its position in Honda Motor by 5.0% during the 3rd quarter. BlackRock Inc. now owns 1,188,271 shares of the company’s stock worth $36,445,000 after acquiring an additional 57,027 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Honda Motor by 2.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,166,617 shares of the company’s stock worth $35,780,000 after acquiring an additional 30,511 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in Honda Motor by 38.4% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,027,746 shares of the company’s stock worth $31,521,000 after acquiring an additional 285,218 shares during the last quarter. 22.31% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on HMC shares. StockNews.com started coverage on Honda Motor in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research downgraded Honda Motor from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Monday, April 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Honda Motor currently has an average rating of “Hold” and a consensus price target of $30.00.

Honda Motor stock traded up $0.26 during mid-day trading on Tuesday, hitting $26.17. 107,488 shares of the company’s stock traded hands, compared to its average volume of 1,195,366. The firm has a 50 day simple moving average of $28.54 and a two-hundred day simple moving average of $29.00. Honda Motor Co., Ltd. has a fifty-two week low of $25.65 and a fifty-two week high of $33.42. The stock has a market cap of $45.19 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 0.44 and a beta of 0.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 1.05.

Honda Motor (NYSE:HMCGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.13. Honda Motor had a return on equity of 8.24% and a net margin of 5.57%. The business had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $30.32 billion. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 3.49 earnings per share for the current fiscal year.

About Honda Motor (Get Rating)

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

See Also

Want to see what other hedge funds are holding HMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honda Motor Co., Ltd. (NYSE:HMCGet Rating).

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.