LPL Financial LLC Grows Stake in Honda Motor Co., Ltd. $HMC

Key Points

• LPL Financial LLC increased its stake in Honda Motor Co., Ltd. by 23.7%, owning 97,348 shares valued at approximately $2.64 million as of the latest SEC filing.
• Several institutional investors, including Bessemer Group Inc. and Rothschild Investment LLC, also significantly increased their holdings in Honda during the first quarter.
• Honda Motor reported earnings of $0.97 per share, exceeding analyst estimates, and forecasts an EPS of 3.99 for the current fiscal year.

LPL Financial LLC increased its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 23.7% in the first quarter, according to the company in its most recent filing 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Honda Motor by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company's stock valued at $317,000 after purchasing an additional 1,064 shares during the period. Bessemer Group Inc. lifted its stake in shares of Honda Motor by 460.2% in the 1st 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. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Honda Motor by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company's stock valued at $343,000 after purchasing an additional 3,351 shares during the period. Cerity Partners LLC lifted its stake in shares of Honda Motor by 63.2% in the 1st quarter. Cerity Partners LLC now owns 90,084 shares of the company's stock valued at $2,444,000 after purchasing an additional 34,881 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Honda Motor in the 1st quarter worth approximately $230,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Up 2.0%

HMC traded up $0.67 during trading on Friday, hitting $34.59. 1,066,406 shares of the company's stock traded hands, compared to its average volume of 992,279. The company's 50 day simple moving average is $31.26 and its two-hundred day simple moving average is $29.68. 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 12-month low of $23.41 and a 12-month high of $34.70. The stock has a market capitalization of $53.99 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.02 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating 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 business had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

HMC has been the subject of a number of analyst reports. Macquarie lowered Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

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.