Connectus Wealth LLC Cuts Position in Honda Motor Co., Ltd. (NYSE:HMC)

Connectus Wealth LLC cut its stake in Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,237 shares of the company’s stock after selling 1,631 shares during the quarter. Connectus Wealth LLC’s holdings in Honda Motor were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in Honda Motor by 393.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 884 shares of the company’s stock worth $26,000 after buying an additional 705 shares during the last quarter. CWM LLC grew its stake in Honda Motor by 120.1% during the 1st quarter. CWM LLC now owns 1,347 shares of the company’s stock worth $38,000 after buying an additional 735 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Honda Motor during the 1st quarter worth $39,000. Johnson Financial Group Inc. purchased a new position in Honda Motor during the 4th quarter worth $41,000. Finally, MCF Advisors LLC purchased a new position in Honda Motor during the 1st quarter worth $46,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HMC. TheStreet downgraded Honda Motor from a “b” rating to a “c+” rating in a research note on Monday, June 13th. StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 15th. Finally, Jefferies Financial Group boosted their price target on Honda Motor from $30.83 to $31.51 and gave the company a “buy” rating in a research note on Thursday, July 7th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.51.

Honda Motor Stock Performance

Shares of HMC stock opened at $25.02 on Friday. The stock has a market cap of $42.80 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 0.58 and a beta of 0.69. The business has a 50-day simple moving average of $24.89 and a 200-day simple moving average of $26.80. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. Honda Motor Co., Ltd. has a 52-week low of $23.21 and a 52-week high of $33.42.

Honda Motor (NYSE:HMC – Get Rating) last issued its quarterly earnings data on Friday, May 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $33.36 billion during the quarter, compared to analysts’ expectations of $33.18 billion. Honda Motor had a return on equity of 7.02% and a net margin of 4.88%. On average, equities analysts expect that Honda Motor Co., Ltd. will post 3.47 EPS for the current year.

About Honda Motor

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.