Naviter Wealth LLC Boosts Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Naviter Wealth LLC raised its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 17.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,860 shares of the company’s stock after buying an additional 4,671 shares during the quarter. Naviter Wealth LLC’s holdings in Honda Motor were worth $1,186,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in Honda Motor during the 3rd quarter valued at about $323,000. FMR LLC lifted its position in Honda Motor by 5.5% in the 3rd quarter. FMR LLC now owns 783,040 shares of the company’s stock valued at $26,341,000 after acquiring an additional 41,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Honda Motor by 275.7% during the 3rd quarter. Acadian Asset Management LLC now owns 5,402 shares of the company’s stock valued at $181,000 after purchasing an additional 3,964 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Honda Motor by 9.8% in the 3rd quarter. Stifel Financial Corp now owns 89,191 shares of the company’s stock worth $3,000,000 after purchasing an additional 7,937 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Honda Motor by 0.5% during the third quarter. Northern Trust Corp now owns 622,975 shares of the company’s stock valued at $20,957,000 after buying an additional 3,269 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Stock Down 1.4 %

Shares of HMC opened at $32.39 on Wednesday. The firm has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $33.77. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. Honda Motor Co., Ltd. has a 1-year low of $29.05 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. The company had revenue of $36.56 billion during the quarter, compared to analysts’ expectations of $37.96 billion. Honda Motor had a return on equity of 8.79% and a net margin of 5.46%. On average, equities research analysts expect that Honda Motor Co., Ltd. will post 4.5 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 22nd.

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.