Axxcess Wealth Management LLC acquired a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,442 shares of the company's stock, valued at approximately $412,000.
Several other institutional investors have also recently modified their holdings of HMC. Brandes Investment Partners LP increased its holdings in Honda Motor by 13.1% in the 4th quarter. Brandes Investment Partners LP now owns 570,169 shares of the company's stock worth $16,278,000 after buying an additional 66,030 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Honda Motor by 33.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 32,270 shares of the company's stock worth $921,000 after acquiring an additional 8,070 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after purchasing an additional 404,883 shares during the last quarter. Farther Finance Advisors LLC lifted its position in 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 during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 507 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.
Honda Motor Stock Performance
Shares of HMC traded down $0.59 during trading hours on Wednesday, hitting $29.55. The stock had a trading volume of 1,057,025 shares, compared to its average volume of 1,013,211. The firm has a market capitalization of $46.12 billion, a price-to-earnings ratio of 6.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The firm has a 50-day moving average price of $28.47 and a 200 day moving average price of $28.79. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.37.
Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. As a group, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th.
Check Out Our Latest Analysis on HMC
Honda Motor Company Profile
(
Free Report)
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.
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