Total Clarity Wealth Management Inc. Sells 18,939 Shares of Honda Motor Co., Ltd. $HMC

Total Clarity Wealth Management Inc. lowered its position in Honda Motor Co., Ltd. (NYSE:HMC) by 50.7% during the third quarter, Holdings Channel reports. The firm owned 18,391 shares of the company’s stock after selling 18,939 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Honda Motor were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HMC. Signaturefd LLC increased its position in shares of Honda Motor by 7.1% during the third quarter. Signaturefd LLC now owns 35,508 shares of the company’s stock worth $1,122,000 after buying an additional 2,342 shares during the period. Simplicity Wealth LLC raised its stake in Honda Motor by 19.5% during the third quarter. Simplicity Wealth LLC now owns 9,843 shares of the company’s stock worth $311,000 after buying an additional 1,603 shares during the last quarter. Gibbs Wealth Management raised its stake in Honda Motor by 15.5% during the third quarter. Gibbs Wealth Management now owns 33,932 shares of the company’s stock worth $1,072,000 after buying an additional 4,544 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Honda Motor by 15.4% in the third quarter. Manchester Capital Management LLC now owns 2,629 shares of the company’s stock valued at $83,000 after buying an additional 351 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in Honda Motor by 37.3% in the third quarter. Diversify Advisory Services LLC now owns 9,527 shares of the company’s stock valued at $324,000 after buying an additional 2,589 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

HMC has been the topic of a number of research analyst reports. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Weiss Ratings raised Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. BNP Paribas Exane assumed coverage on Honda Motor in a research report on Friday, September 18th. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Wall Street Zen raised Honda Motor from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Honda Motor Price Performance

Shares of NYSE HMC opened at $33.65 on Thursday. The firm’s 50-day moving average price is $32.60 and its 200-day moving average price is $28.91. Honda Motor Co., Ltd. has a 1-year low of $23.25 and a 1-year high of $34.64. The firm has a market capitalization of $52.52 billion, a P/E ratio of -48.07 and a beta of 0.46. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 2.32 earnings per share for the current fiscal year.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.