NewEdge Wealth LLC Sells 36,537 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

NewEdge Wealth LLC cut its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 30.6% in the 4th quarter, Holdings Channel reports. The firm owned 82,711 shares of the company’s stock after selling 36,537 shares during the period. NewEdge Wealth LLC’s holdings in Honda Motor were worth $2,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC grew its position in Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Honda Motor by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after purchasing an additional 184,057 shares during the period. Gilman Hill Asset Management LLC bought a new position in shares of Honda Motor in the 4th quarter worth approximately $4,772,000. Finally, HITE Hedge Asset Management LLC lifted its stake in shares of Honda Motor by 1,392.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock worth $4,396,000 after purchasing an additional 129,259 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Up 0.6 %

Shares of HMC opened at $27.80 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $37.90. The company has a 50 day simple moving average of $28.25 and a two-hundred day simple moving average of $29.16. The firm has a market cap of $43.40 billion, a P/E ratio of 6.47 and a beta of 0.58.

Honda Motor (NYSE:HMC) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $35.31 billion. On average, equities analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in 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. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

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.