Callan Capital LLC Acquires 7,166 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Callan Capital LLC grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 32.9% during the 2nd quarter, Holdings Channel reports. The fund owned 28,965 shares of the company’s stock after buying an additional 7,166 shares during the period. Callan Capital LLC’s holdings in Honda Motor were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. RFP Financial Group LLC raised its position in shares of Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 316 shares during the period. Rise Advisors LLC acquired a new stake in shares of Honda Motor in the first quarter worth $27,000. Rothschild Investment LLC acquired a new stake in shares of Honda Motor in the second quarter worth $28,000. LRI Investments LLC acquired a new stake in shares of Honda Motor in the first quarter worth $34,000. Finally, Family Firm Inc. acquired a new stake in shares of Honda Motor in the second quarter worth $35,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Performance

NYSE:HMC opened at $32.63 on Friday. The company’s 50-day moving average price is $31.54 and its 200-day moving average price is $33.27. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. The company has a market cap of $55.82 billion, a P/E ratio of 6.91, a P/E/G ratio of 2.88 and a beta of 0.67. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.38. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.

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.