Wealth Enhancement Advisory Services LLC Acquires 16,987 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Wealth Enhancement Advisory Services LLC grew its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 146.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HMC. Forum Financial Management LP boosted its stake in Honda Motor by 21.5% in the 4th quarter. Forum Financial Management LP now owns 54,016 shares of the company's stock worth $1,542,000 after purchasing an additional 9,559 shares during the period. Vise Technologies Inc. grew its holdings in shares of Honda Motor by 9.9% during the fourth quarter. Vise Technologies Inc. now owns 38,252 shares of the company's stock valued at $1,092,000 after buying an additional 3,439 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Honda Motor during the fourth quarter valued at $289,000. Tiger Pacific Capital LP acquired a new position in Honda Motor during the fourth quarter valued at $8,225,000. Finally, Quantinno Capital Management LP raised its position in Honda Motor by 15.2% during the fourth quarter. Quantinno Capital Management LP now owns 212,443 shares of the company's stock valued at $6,065,000 after buying an additional 28,039 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Honda Motor Stock Up 0.2%

Shares of Honda Motor stock traded up $0.05 on Thursday, hitting $29.19. 491,153 shares of the company traded hands, compared to its average volume of 1,060,029. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $33.72. The company has a 50-day moving average price of $29.28 and a 200 day moving average price of $28.30. The company has a market cap of $45.56 billion, a PE ratio of 6.79 and a beta of 0.51.

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

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.