Cambridge Investment Research Advisors Inc. Purchases 17,747 Shares of Honda Motor Company, Ltd. (HMC)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,576 shares of the company’s stock after buying an additional 17,747 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Honda Motor were worth $2,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HMC. IFP Advisors Inc grew its position in shares of Honda Motor by 13.2% during the 2nd quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after buying an additional 571 shares in the last quarter. Pacad Investment Ltd. grew its position in shares of Honda Motor by 6.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Honda Motor by 7.3% during the 2nd quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after buying an additional 377 shares in the last quarter. Smithfield Trust Co. grew its position in shares of Honda Motor by 7.9% during the 2nd quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock worth $176,000 after buying an additional 470 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Honda Motor during the 3rd quarter worth $204,000. 2.60% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on HMC shares. ValuEngine downgraded Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Honda Motor from a “buy” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Jefferies Group LLC reissued a “buy” rating and set a $36.36 price target on shares of Honda Motor in a research report on Friday, October 13th. Finally, UBS AG raised Honda Motor from an “underweight” rating to a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.18.

Shares of Honda Motor Company, Ltd. (NYSE:HMC) traded up $0.02 during midday trading on Friday, hitting $32.62. The company had a trading volume of 647,100 shares, compared to its average volume of 675,224. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $58,853.30, a PE ratio of 10.25, a P/E/G ratio of 2.60 and a beta of 1.05. Honda Motor Company, Ltd. has a 1 year low of $27.05 and a 1 year high of $33.75.

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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