Fisher Asset Management LLC Purchases 227,890 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Fisher Asset Management LLC lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,345,816 shares of the company’s stock after purchasing an additional 227,890 shares during the period. Fisher Asset Management LLC’s holdings in Honda Motor were worth $328,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC raised its holdings in Honda Motor by 3.4% in the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after acquiring an additional 359 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Honda Motor by 1.5% in the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after purchasing an additional 389 shares in the last quarter. Harrington Investments INC lifted its position in Honda Motor by 1.0% during the second quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock worth $1,284,000 after purchasing an additional 410 shares during the period. EverSource Wealth Advisors LLC grew its stake in Honda Motor by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock worth $206,000 after buying an additional 463 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Honda Motor by 0.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock valued at $2,628,000 after buying an additional 495 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Trading Up 1.6 %

Shares of HMC stock opened at $26.66 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a fifty-two week low of $25.57 and a fifty-two week high of $37.90. The stock’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $31.43.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor Profile

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