NewEdge Wealth LLC Reduces Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

NewEdge Wealth LLC cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,711 shares of the company's stock after selling 36,537 shares during the quarter. NewEdge Wealth LLC's holdings in Honda Motor were worth $2,361,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Asset Planning Inc purchased a new stake in Honda Motor in the fourth quarter worth about $25,000. R Squared Ltd bought a new stake in shares of Honda Motor in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Honda Motor in the 3rd quarter worth approximately $36,000. Addison Advisors LLC increased its position in Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company's stock valued at $41,000 after buying an additional 1,021 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in Honda Motor during the fourth quarter valued at $40,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Up 0.2 %

Shares of HMC traded up $0.06 on Tuesday, hitting $27.56. 1,028,411 shares of the stock traded hands, compared to its average volume of 1,244,977. The company has a market capitalization of $43.01 billion, a PE ratio of 6.40 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The business has a 50 day simple moving average of $28.26 and a 200 day simple moving average of $29.12.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating 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 firm had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on HMC. UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th.

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.