Gilman Hill Asset Management LLC Takes Position in Honda Motor Co., Ltd. (NYSE:HMC)

Gilman Hill Asset Management LLC purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 167,140 shares of the company’s stock, valued at approximately $4,772,000.

Several other institutional investors also recently made changes to their positions in the stock. Persium Advisors LLC acquired a new position in Honda Motor during the 4th quarter valued at about $628,000. Bruce G. Allen Investments LLC raised its position in Honda Motor by 8.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock worth $162,000 after acquiring an additional 445 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Honda Motor by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,811 shares of the company’s stock worth $366,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Honda Motor by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the company’s stock worth $98,000 after purchasing an additional 1,066 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Honda Motor by 22.8% in the third quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock worth $1,832,000 after buying an additional 10,720 shares during the period. 5.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HMC has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Price Performance

NYSE:HMC opened at $28.20 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $37.90. The company has a 50-day moving average of $26.91 and a 200-day moving average of $29.85.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (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 the consensus estimate of $35.60 billion. As a group, research analysts forecast that Honda Motor Co., Ltd. will post 4.2 EPS for the current fiscal year.

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.