Cadence Bank Has $3.71 Million Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Cadence Bank lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,842 shares of the company’s stock after purchasing 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 Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HMC. Rothschild Investment LLC acquired a new stake in Honda Motor during the second quarter worth $28,000. LRI Investments LLC raised its position in Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. bought a new position in Honda Motor during the second quarter worth about $35,000. Addison Advisors LLC boosted its holdings in Honda Motor by 391.2% during the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after purchasing an additional 1,970 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Honda Motor Stock Down 2.9 %

Shares of Honda Motor stock opened at $25.89 on Wednesday. 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 1-year low of $25.57 and a 1-year high of $37.90. The firm’s 50-day moving average price is $30.01 and its two-hundred day moving average price is $31.32.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. On average, sell-side analysts expect 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.