Ascent Group LLC Invests $234,000 in Honda Motor Co., Ltd. $HMC

Ascent Group LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,127 shares of the company's stock, valued at approximately $234,000.

Several other large investors have also made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in shares of Honda Motor during the 2nd quarter worth approximately $36,000. BSW Wealth Partners raised its stake in shares of Honda Motor by 7.6% during the 2nd quarter. BSW Wealth Partners now owns 13,958 shares of the company's stock worth $402,000 after buying an additional 988 shares during the period. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Honda Motor during the second quarter worth approximately $313,000. Kathmere Capital Management LLC increased its position in shares of Honda Motor by 14.0% during the second quarter. Kathmere Capital Management LLC now owns 9,108 shares of the company's stock worth $263,000 after purchasing an additional 1,118 shares in the last quarter. Finally, True North Advisors LLC increased its position in shares of Honda Motor by 8.1% during the second quarter. True North Advisors LLC now owns 12,359 shares of the company's stock worth $356,000 after purchasing an additional 921 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMC has been the subject of several research reports. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Zacks Research cut Honda Motor from a "hold" rating to a "strong sell" rating in a research report on Monday, September 1st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Honda Motor in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Honda Motor presently has an average rating of "Reduce".

Honda Motor Stock Performance

NYSE HMC opened at $31.47 on Thursday. The stock has a market cap of $49.12 billion, a PE ratio of 10.89, a P/E/G ratio of 1.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.89. The stock has a fifty day simple moving average of $33.13 and a 200-day simple moving average of $30.76.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to analysts' expectations of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. Equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

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.

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