Essex Financial Services Inc. Takes $205,000 Position in Honda Motor Co., Ltd. (NYSE:HMC)

Essex Financial Services Inc. purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,174 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Honda Motor by 52.5% in the third 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 grew its position in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after purchasing an additional 227,890 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Honda Motor by 1,906.3% during the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after buying an additional 184,057 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new position in shares of Honda Motor in the 4th quarter worth approximately $4,772,000. Finally, HITE Hedge Asset Management LLC grew its holdings in shares of Honda Motor by 1,392.9% in the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock valued at $4,396,000 after acquiring an additional 129,259 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 2.7 %

NYSE:HMC opened at $28.71 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $27.70 and its 200 day moving average is $29.36. The stock has a market capitalization of $44.80 billion, a PE ratio of 7.09 and a beta of 0.58.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Sell-side analysts expect that Honda Motor Co., Ltd. will post 4.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HMC has been the topic of several research analyst reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com lowered shares of Honda Motor from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.