Trade Report: The Nationwide Fund Advisors invests in Honda Motor Co. (HMC) Shares

The Nationwide Fund Advisors invests in Honda Motor Co. (HMC) Shares

Nationwide Fund Advisors raised its position in shares of Honda Motor Co. (NYSE:HMC) by 33.3% during the second quarter, Holdings Channel reports. The fund owned 88,281 shares of the company’s stock after buying an additional 22,050 shares during the period. Nationwide Fund Advisors’ holdings in Honda Motor were worth $2,236,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HMC. M&T Bank Corp raised its stake in Honda Motor by 0.9% in the second quarter. M&T Bank Corp now owns 10,574 shares of the company’s stock worth $268,000 after buying an additional 91 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Honda Motor by 4.3% in the second quarter. Glenmede Trust Co. NA now owns 6,591 shares of the company’s stock valued at $166,000 after buying an additional 270 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Honda Motor by 0.9% in the first quarter. Scotia Capital Inc. now owns 35,797 shares of the company’s stock valued at $979,000 after buying an additional 317 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Honda Motor by 0.3% in the second quarter. First Hawaiian Bank now owns 141,999 shares of the company’s stock valued at $3,597,000 after buying an additional 421 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Honda Motor by 5.0% in the first quarter. State Street Corp now owns 12,482 shares of the company’s stock valued at $341,000 after buying an additional 600 shares in the last quarter. Institutional investors own 3.01% of the company’s stock.

Honda Motor Co. (NYSE:HMC) traded up 0.31% during trading on Wednesday, reaching $29.24. 71,269 shares of the company’s stock traded hands. The firm has a market cap of $52.70 billion, a PE ratio of 16.42 and a beta of 1.09. The firm has a 50 day moving average price of $29.87 and a 200-day moving average price of $27.82. Honda Motor Co. has a 12 month low of $24.03 and a 12 month high of $33.87.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, topping analysts’ consensus estimates of $74.83 by $22.10. Honda Motor had a net margin of 2.35% and a return on equity of 4.88%. The firm earned $3,471.70 billion during the quarter, compared to analyst estimates of $3,452.87 billion. During the same quarter in the previous year, the business earned $103.22 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts forecast that Honda Motor Co. will post $2.64 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. TheStreet upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.40.

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.

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