Legacy Capital Wealth Partners LLC Acquires New Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Legacy Capital Wealth Partners LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,045 shares of the company’s stock, valued at approximately $388,000.

A number of other institutional investors have also recently added to or reduced their stakes in HMC. RFP Financial Group LLC lifted its holdings in Honda Motor by 91.3% in the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares during the period. Rise Advisors LLC acquired a new position in Honda Motor in the first quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of Honda Motor during the 2nd quarter worth approximately $28,000. LRI Investments LLC bought a new stake in shares of Honda Motor in the 1st quarter valued at $34,000. Finally, Family Firm Inc. bought a new stake in shares of Honda Motor in the 2nd quarter valued at $35,000. 5.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

Honda Motor Stock Down 1.8 %

Shares of NYSE:HMC opened at $32.37 on Wednesday. The business has a fifty day moving average price of $31.69 and a two-hundred day moving average price of $33.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. Honda Motor Co., Ltd. has a 1 year low of $27.69 and a 1 year high of $37.90. The company has a market capitalization of $55.37 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.68.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. Analysts forecast that Honda Motor Co., Ltd. will post 4.53 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.