Honda Motor Co., Ltd. (NYSE:HMC) Stock Holdings Lifted by Cadence Bank

Cadence Bank lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,842 shares of the company’s stock after acquiring an additional 2,545 shares during the quarter. Cadence Bank’s holdings in Honda Motor were worth $3,707,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in shares of Honda Motor in the second quarter valued at $28,000. LRI Investments LLC raised its position in Honda Motor by 1,263.6% during the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 834 shares during the period. Family Firm Inc. purchased a new stake in Honda Motor in the 2nd quarter worth about $35,000. Addison Advisors LLC boosted its position in Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 1,021 shares during the period. Finally, Mather Group LLC. grew its stake in Honda Motor by 15,153.8% during the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honda Motor Trading Down 2.9 %

Honda Motor stock opened at $25.89 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. Honda Motor Co., Ltd. has a fifty-two week low of $25.57 and a fifty-two week high of $37.90. The firm has a fifty day moving average price of $30.01 and a two-hundred day moving average price of $31.32.

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

Honda Motor Company 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.