Honda Motor Co., Ltd. (NYSE:HMC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMCGet Rating) by 23.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,821 shares of the company’s stock after acquiring an additional 5,374 shares during the period. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assetmark Inc. boosted its position in shares of Honda Motor by 5.9% during the second quarter. Assetmark Inc. now owns 96,566 shares of the company’s stock worth $2,332,000 after buying an additional 5,342 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Honda Motor during the second quarter worth approximately $246,000. Aigen Investment Management LP acquired a new position in shares of Honda Motor during the second quarter worth approximately $349,000. EverSource Wealth Advisors LLC lifted its position in Honda Motor by 1,146.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,551 shares of the company’s stock worth $109,000 after purchasing an additional 4,186 shares during the period. Finally, US Bancorp DE lifted its position in Honda Motor by 8.2% in the second quarter. US Bancorp DE now owns 58,017 shares of the company’s stock worth $1,401,000 after purchasing an additional 4,377 shares during the period. 5.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HMC has been the subject of a number of research analyst reports. StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. TheStreet downgraded Honda Motor from a “b-” rating to a “c+” rating in a research report on Friday, October 7th.

Honda Motor Stock Performance

HMC opened at $23.44 on Friday. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.47 and a quick ratio of 1.14. Honda Motor Co., Ltd. has a 1-year low of $21.43 and a 1-year high of $32.15. The business has a 50 day moving average price of $23.34 and a two-hundred day moving average price of $24.71.

Honda Motor (NYSE:HMCGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.12). The company had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $27.91 billion. Honda Motor had a net margin of 4.26% and a return on equity of 5.96%. Research analysts predict that Honda Motor Co., Ltd. will post 3.26 EPS for the current fiscal year.

About Honda Motor

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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