LPL Financial LLC raised its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 23.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,348 shares of the company's stock after purchasing an additional 18,645 shares during the quarter. LPL Financial LLC's holdings in Honda Motor were worth $2,641,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HMC. Bessemer Group Inc. raised its position in Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after purchasing an additional 902 shares during the period. Rothschild Investment LLC raised its holdings in shares of Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after buying an additional 417 shares during the period. Rossby Financial LCC purchased a new stake in shares of Honda Motor in the 1st quarter valued at $56,000. Farther Finance Advisors LLC raised its holdings in shares of Honda Motor by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after buying an additional 947 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings 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 buying an additional 444 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on HMC. Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".
View Our Latest Analysis on Honda Motor
Honda Motor Price Performance
Shares of NYSE HMC opened at $33.39 on Monday. The stock's 50-day moving average is $30.76 and its two-hundred day moving average is $29.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.51. The company has a market cap of $52.12 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.00 and a beta of 0.52.
Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. The company had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. Analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.
Honda Motor Profile
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Free Report)
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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