Farther Finance Advisors LLC Has $53,000 Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Farther Finance Advisors LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 70.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,868 shares of the company’s stock after acquiring an additional 770 shares during the quarter. Farther Finance Advisors LLC’s holdings in Honda Motor were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMC. FMR LLC increased its position in Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Honda Motor in the 4th quarter valued at about $11,909,000. Fisher Asset Management LLC increased 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 valued at $328,273,000 after acquiring an additional 227,890 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new stake in Honda Motor in the 4th quarter valued at about $4,772,000. Finally, HITE Hedge Asset Management LLC increased its position in 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 valued at $4,396,000 after acquiring an additional 129,259 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Ratings Changes

HMC has been the subject of several analyst reports. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Stock Down 0.3 %

Shares of NYSE:HMC opened at $30.06 on Monday. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.44. The company has a 50 day moving average of $28.40 and a 200-day moving average of $28.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The stock has a market cap of $46.91 billion, a price-to-earnings ratio of 6.99 and a beta of 0.61.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current 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.