Advisors Asset Management Inc. Raises Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Advisors Asset Management Inc. raised its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 42.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,532 shares of the company’s stock after purchasing an additional 6,465 shares during the quarter. Advisors Asset Management Inc.’s holdings in Honda Motor were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new stake in shares of Honda Motor in the second quarter worth about $28,000. LRI Investments LLC lifted its holdings in Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after acquiring an additional 834 shares during the period. Family Firm Inc. acquired a new stake in shares of Honda Motor during the 2nd quarter worth approximately $35,000. Addison Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,021 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after purchasing an additional 1,970 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Price Performance

Shares of Honda Motor stock opened at $25.89 on Wednesday. The firm has a market cap of $44.29 billion, a PE ratio of 6.39, a P/E/G ratio of 2.69 and a beta of 0.67. Honda Motor Co., Ltd. has a twelve month low of $25.57 and a twelve month high of $37.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $30.01 and a 200 day moving average price of $31.32.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor 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.