Dodge & Cox Purchased $167,584,000 in Honda Motor Co Ltd (HMC)

Dodge & Cox Purchased $167,584,000 in Honda Motor Co Ltd (HMC)

Dodge & Cox purchased a new stake in Honda Motor Co Ltd (NYSE:HMC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,741,155 shares of the company’s stock, valued at approximately $167,584,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OLD National Bancorp IN bought a new position in Honda Motor Co during the third quarter valued at approximately $233,000. Sanders Capital LLC increased its position in Honda Motor Co by 97.4% in the third quarter. Sanders Capital LLC now owns 177,501 shares of the company’s stock worth $5,133,000 after buying an additional 87,600 shares during the period. LMR Partners LLP acquired a new position in Honda Motor Co during the third quarter worth approximately $2,709,000. Advisors Asset Management Inc. increased its position in Honda Motor Co by 20.8% in the third quarter. Advisors Asset Management Inc. now owns 42,580 shares of the company’s stock worth $1,231,000 after buying an additional 7,334 shares during the period. Finally, Wells Fargo & Company MN increased its position in Honda Motor Co by 3.3% in the third quarter. Wells Fargo & Company MN now owns 340,333 shares of the company’s stock worth $9,842,000 after buying an additional 10,814 shares during the period. 3.04% of the stock is currently owned by institutional investors.

Honda Motor Co Ltd (NYSE:HMC) opened at 31.30 on Tuesday. The stock has a market cap of $56.41 billion, a P/E ratio of 15.11 and a beta of 1.16. Honda Motor Co Ltd has a 52-week low of $24.03 and a 52-week high of $32.17. The firm’s 50-day moving average is $31.13 and its 200-day moving average is $30.01.

Honda Motor Co (NYSE:HMC) last announced its quarterly earnings results on Friday, February 3rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.28. The firm had revenue of $3,501 billion for the quarter, compared to analysts’ expectations of $112.66 million. Honda Motor Co had a net margin of 3.17% and a return on equity of 6.32%. During the same quarter in the previous year, the company posted $68.91 EPS. Equities research analysts predict that Honda Motor Co Ltd will post $2.76 earnings per share for the current year.

A number of research firms have commented on HMC. Macquarie downgraded shares of Honda Motor Co from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 1st. Jefferies Group LLC set a $37.00 target price on shares of Honda Motor Co and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Zacks Investment Research raised shares of Honda Motor Co from a “sell” rating to a “hold” rating in a research report on Thursday, December 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.88.

About Honda Motor Co

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.

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