LPL Financial LLC Has $2.25 Million Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

LPL Financial LLC boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,703 shares of the company's stock after acquiring an additional 22,274 shares during the period. LPL Financial LLC's holdings in Honda Motor were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Asset Planning Inc acquired a new position in Honda Motor during the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new position in Honda Motor during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the third quarter valued at approximately $36,000. Manchester Capital Management LLC acquired a new position in shares of Honda Motor during the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock worth $53,000 after purchasing an additional 770 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HMC. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday, April 14th. They set a "market perform" rating on the stock. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

Honda Motor Stock Performance

Shares of HMC traded up $0.63 during mid-day trading on Friday, reaching $29.09. The company's stock had a trading volume of 1,314,651 shares, compared to its average volume of 1,074,519. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.99. The business has a 50-day simple moving average of $28.11 and a two-hundred day simple moving average of $28.21. The stock has a market cap of $45.40 billion, a P/E ratio of 6.76 and a beta of 0.57.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. As a group, equities 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.