Honda Motor (NYSE:HMC) Hits New 52-Week High at $33.28

Honda Motor Co., Ltd. (NYSE:HMC) hit a new 52-week high on Friday . The company traded as high as $33.28 and last traded at $33.27, with a volume of 13859 shares. The stock had previously closed at $32.74.

Separately, Zacks Investment Research lowered Honda Motor from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Honda Motor presently has an average rating of “Hold” and a consensus price target of $31.00.

The business has a 50 day simple moving average of $30.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.33. The company has a market cap of $57.39 billion, a PE ratio of 9.04, a P/E/G ratio of 0.80 and a beta of 0.86.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 14th. Shareholders of record on Tuesday, March 30th will be paid a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 29th. This is a positive change from Honda Motor’s previous quarterly dividend of $0.15. Honda Motor’s dividend payout ratio (DPR) is 43.73%.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Honda Motor by 205,969.7% in the 1st quarter. BlackRock Inc. now owns 1,011,802 shares of the company’s stock valued at $30,557,000 after purchasing an additional 1,011,311 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Honda Motor in the 4th quarter valued at $14,328,000. Equity Investment Corp increased its stake in shares of Honda Motor by 56.9% in the 1st quarter. Equity Investment Corp now owns 1,222,931 shares of the company’s stock valued at $36,933,000 after purchasing an additional 443,620 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Honda Motor by 6.2% in the 1st quarter. Fisher Asset Management LLC now owns 7,170,830 shares of the company’s stock valued at $216,559,000 after purchasing an additional 419,970 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Honda Motor by 204.1% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 576,318 shares of the company’s stock valued at $17,405,000 after purchasing an additional 386,832 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

About Honda Motor (NYSE:HMC)

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

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