Hedges Asset Management LLC Has $799,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Hedges Asset Management LLC grew its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 91.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,000 shares of the company’s stock after buying an additional 13,400 shares during the quarter. Hedges Asset Management LLC’s holdings in Honda Motor were worth $799,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Honda Motor in the 3rd quarter valued at approximately $36,000. Addison Advisors LLC raised its position in shares of Honda Motor by 391.2% in the third 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 during the period. GAMMA Investing LLC lifted its stake in shares of Honda Motor by 31.0% in the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock worth $76,000 after buying an additional 564 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after buying an additional 1,150 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in Honda Motor in the 3rd quarter valued at $111,000. Institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HMC. StockNews.com lowered 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 research note on Wednesday, December 18th.

Honda Motor Trading Up 0.5 %

Shares of Honda Motor stock opened at $28.59 on Friday. The company has a market cap of $44.63 billion, a price-to-earnings ratio of 7.06 and a beta of 0.59. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $37.90. The company’s fifty day simple moving average is $27.03 and its 200-day simple moving average is $29.76. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last announced 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 company had revenue of $36.24 billion for the quarter, compared to analyst estimates of $35.60 billion. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 4.2 EPS for the current 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.