Kiley Juergens Wealth Management LLC Purchases New Holdings in Honda Motor Co., Ltd. $HMC

Key Points

• Kiley Juergens Wealth Management LLC acquired 10,840 shares of Honda Motor Co., valued at around $313,000, marking a new position in the company.
• Honda Motor reported a quarterly EPS of $0.97, significantly exceeding the consensus estimate of $0.51, with revenues totaling $36.22 billion.
• Several institutional investors, including Equity Investment Corp and Northern Trust Corp, have recently increased their stakes in Honda Motor, highlighting growing interest in the stock.

Kiley Juergens Wealth Management LLC bought a new position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,840 shares of the company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Equity Investment Corp raised its holdings in shares of Honda Motor by 4.6% during the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company's stock valued at $59,646,000 after purchasing an additional 96,230 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Honda Motor by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,110,812 shares of the company's stock worth $30,136,000 after acquiring an additional 11,114 shares during the period. American Century Companies Inc. lifted its holdings in Honda Motor by 5.8% during the 1st quarter. American Century Companies Inc. now owns 529,249 shares of the company's stock valued at $14,359,000 after purchasing an additional 29,152 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Honda Motor by 4.5% in the first quarter. Raymond James Financial Inc. now owns 435,783 shares of the company's stock worth $11,823,000 after acquiring an additional 18,667 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Honda Motor by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 417,053 shares of the company's stock worth $11,315,000 after buying an additional 7,305 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

Shares of HMC stock opened at $33.13 on Friday. The company has a market cap of $51.71 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.11 and a beta of 0.52. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.89. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $33.31 and a 200-day moving average of $30.68.

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

Wall Street Analyst Weigh In

HMC has been the topic of a number of research reports. Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Zacks Research downgraded shares of Honda Motor from a "hold" rating to a "strong sell" rating in a research note on Monday, September 1st. Finally, Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

About Honda Motor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.