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

Wealth Enhancement Advisory Services LLC boosted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,311 shares of the company’s stock after acquiring an additional 713 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Honda Motor were worth $795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Honda Motor in the 4th quarter worth approximately $26,000. Rothschild Investment LLC boosted its holdings in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock worth $34,000 after buying an additional 417 shares in the last quarter. National Bank of Canada FI grew its position in Honda Motor by 277.7% in the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock worth $52,000 after buying an additional 1,330 shares during the last quarter. Farther Finance Advisors LLC grew its position in Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after buying an additional 770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Honda Motor by 14.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company’s stock valued at $117,000 after buying an additional 507 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HMC has been the subject of several research reports. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Macquarie lowered shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Sanford C. Bernstein began coverage on shares of Honda Motor in a report on Monday, April 14th. They set a “market perform” rating on the stock. Finally, Dbs Bank downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Honda Motor Stock Performance

HMC stock opened at $29.67 on Thursday. The firm has a 50 day simple moving average of $29.71 and a 200 day simple moving average of $28.64. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $33.72. The stock has a market cap of $46.31 billion, a P/E ratio of 8.50 and a beta of 0.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36.

Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The company had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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.