JPMorgan Chase & Co. Decreases Position in Honda Motor Co Ltd (NYSE:HMC)

JPMorgan Chase & Co. reduced its stake in Honda Motor Co Ltd (NYSE:HMC) by 11.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,276 shares of the company’s stock after selling 31,207 shares during the period. JPMorgan Chase & Co.’s holdings in Honda Motor were worth $6,528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HMC. Equity Investment Corp boosted its holdings in Honda Motor by 17.7% in the first quarter. Equity Investment Corp now owns 2,329,659 shares of the company’s stock worth $63,297,000 after purchasing an additional 349,614 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Honda Motor by 36.9% in the first quarter. Global Retirement Partners LLC now owns 2,393 shares of the company’s stock worth $65,000 after purchasing an additional 645 shares during the last quarter. Raymond James & Associates boosted its holdings in Honda Motor by 12.6% in the first quarter. Raymond James & Associates now owns 349,482 shares of the company’s stock worth $9,495,000 after purchasing an additional 39,118 shares during the last quarter. Point View Wealth Management Inc. purchased a new stake in Honda Motor in the first quarter worth approximately $203,000. Finally, Stephens Inc. AR boosted its holdings in Honda Motor by 11.1% in the first quarter. Stephens Inc. AR now owns 63,130 shares of the company’s stock worth $1,715,000 after purchasing an additional 6,318 shares during the last quarter. 2.08% of the stock is owned by institutional investors.

Shares of Honda Motor stock opened at $25.64 on Thursday. The firm has a market cap of $46.16 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98. Honda Motor Co Ltd has a 1-year low of $24.43 and a 1-year high of $32.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.23.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.60). The business had revenue of $4,049.10 billion for the quarter, compared to analysts’ expectations of $4,011.69 billion. Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $60.59 EPS. As a group, equities analysts expect that Honda Motor Co Ltd will post 3.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, March 28th were issued a $0.206 dividend. This is an increase from Honda Motor’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Wednesday, March 27th. Honda Motor’s payout ratio is currently 26.28%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Honda Motor from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Deutsche Bank upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet cut shares of Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. ValuEngine upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Nomura upgraded shares of Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.00.

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Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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

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