Assetmark Inc. Increases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Assetmark Inc. boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 218,408 shares of the company's stock after purchasing an additional 8,022 shares during the period. Assetmark Inc.'s holdings in Honda Motor were worth $5,925,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Lido Advisors LLC boosted its stake in shares of Honda Motor by 2.1% during the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock worth $535,000 after buying an additional 385 shares during the period. Rothschild Investment LLC raised its stake in Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after acquiring an additional 417 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Honda Motor by 17.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after purchasing an additional 444 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Honda Motor by 9.7% in the first quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company's stock valued at $169,000 after purchasing an additional 549 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Honda Motor by 4.9% during the first quarter. Park Avenue Securities LLC now owns 14,459 shares of the company's stock worth $392,000 after purchasing an additional 678 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMC has been the topic of a number of analyst reports. Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein started coverage on shares of Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company. Finally, Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Honda Motor Price Performance

Shares of NYSE HMC traded down $0.12 during midday trading on Friday, hitting $31.13. The company had a trading volume of 287,064 shares, compared to its average volume of 1,096,933. The business has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $29.15. The firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 1.24 and a beta of 0.49. The company has a quick ratio of 1.07, a current ratio of 1.36 and a debt-to-equity ratio of 0.55. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.51.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. The business had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.