BTC Capital Management Inc. held its stake in Honda Motor Company, Ltd. (NYSE:HMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,255 shares of the company’s stock at the end of the second quarter. BTC Capital Management Inc.’s holdings in Honda Motor were worth $200,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Honda Motor by 24.0% in the first quarter. Wells Fargo & Company MN now owns 416,452 shares of the company’s stock valued at $12,601,000 after buying an additional 80,538 shares during the period. Greenleaf Trust purchased a new stake in Honda Motor during the first quarter valued at $627,000. Wetherby Asset Management Inc. raised its stake in Honda Motor by 12.4% in the first quarter. Wetherby Asset Management Inc. now owns 26,922 shares of the company’s stock valued at $815,000 after buying an additional 2,979 shares during the period. IFP Advisors Inc raised its stake in Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after buying an additional 108 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Honda Motor during the first quarter valued at $1,990,000. 2.56% of the stock is currently owned by institutional investors.

Shares of Honda Motor Company, Ltd. (NYSE:HMC) opened at 27.56 on Friday. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The stock has a 50 day moving average price of $27.70 and a 200 day moving average price of $29.11. The stock has a market capitalization of $49.67 billion, a P/E ratio of 8.45 and a beta of 1.01.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The company had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same period last year, the firm earned $96.93 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current fiscal year.

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Several analysts have weighed in on the company. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a report on Friday, April 28th. BidaskClub raised Honda Motor from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Honda Motor from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. Finally, Nomura raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.59.

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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