Honda Motor Company, Ltd. (HMC) Stake Lifted by Schafer Cullen Capital Management Inc.

Schafer Cullen Capital Management Inc. lifted its stake in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,302,323 shares of the company’s stock after acquiring an additional 63,291 shares during the period. Schafer Cullen Capital Management Inc. owned 0.07% of Honda Motor worth $35,671,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HMC. American Century Companies Inc. lifted its holdings in shares of Honda Motor by 35.3% during the 2nd quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after acquiring an additional 1,455,144 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Honda Motor by 132.1% during the 2nd quarter. Federated Investors Inc. PA now owns 1,270,557 shares of the company’s stock worth $34,800,000 after acquiring an additional 723,125 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Honda Motor by 20.6% during the 1st quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after acquiring an additional 566,685 shares during the period. Prudential PLC lifted its holdings in shares of Honda Motor by 46.1% during the 2nd quarter. Prudential PLC now owns 1,737,887 shares of the company’s stock worth $47,601,000 after acquiring an additional 548,500 shares during the period. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Honda Motor by 26.4% during the 2nd quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after acquiring an additional 449,345 shares during the period. Institutional investors and hedge funds own 2.58% of the company’s stock.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion during the quarter, compared to analyst estimates of $3,525.55 billion. During the same period in the previous year, the company earned $96.93 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis.

Several research analysts have recently weighed in on HMC shares. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. ValuEngine lowered shares of Honda Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Thursday, August 17th. Finally, Jefferies Group LLC set a $35.00 price objective on shares of Honda Motor and gave the stock a “buy” rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.

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About Honda Motor

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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

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