Sequoia Financial Advisors LLC Increases Holdings in Honda Motor Co., Ltd. $HMC

Sequoia Financial Advisors LLC boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,136 shares of the company’s stock after purchasing an additional 1,185 shares during the period. Sequoia Financial Advisors LLC’s holdings in Honda Motor were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Total Clarity Wealth Management Inc. increased its holdings in Honda Motor by 61.3% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 12,456 shares of the company’s stock valued at $359,000 after purchasing an additional 4,736 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in Honda Motor by 1,105.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after purchasing an additional 873 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Honda Motor by 28.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 114,728 shares of the company’s stock valued at $3,308,000 after purchasing an additional 25,531 shares during the period. Johnson Investment Counsel Inc. purchased a new position in Honda Motor during the 2nd quarter valued at about $213,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Honda Motor during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of HMC opened at $30.82 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $32.95 and its 200-day moving average price is $30.91. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.89. The stock has a market cap of $48.11 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.02 and a beta of 0.48.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The firm had revenue of $36.22 billion for the quarter, compared to analysts’ expectations of $36.04 billion. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Macquarie downgraded Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.