Honda Motor Co., Ltd. (NYSE:HMC) Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 146.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,598 shares of the company's stock after buying an additional 16,987 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Honda Motor were worth $816,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HMC. Lido Advisors LLC raised 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 valued at $535,000 after purchasing an additional 385 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Honda Motor by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after purchasing an additional 401 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Honda Motor by 1.1% during the fourth quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock valued at $1,164,000 after purchasing an additional 457 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Honda Motor by 14.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock valued at $117,000 after purchasing an additional 507 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Honda Motor by 70.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock valued at $53,000 after purchasing an additional 770 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

Honda Motor stock traded down $0.07 during midday trading on Friday, hitting $29.11. The company's stock had a trading volume of 1,115,338 shares, compared to its average volume of 1,064,617. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock's 50-day moving average price is $29.36 and its 200-day moving average price is $28.32. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $33.72. The company has a market capitalization of $45.44 billion, a PE ratio of 6.77 and a beta of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). The company had revenue of $36.25 billion during the quarter, compared to analysts' expectations of $5,371.99 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen cut shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

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.