LPL Financial LLC Grows Stake in Honda Motor Co., Ltd. (NYSE:HMC)

LPL Financial LLC lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,703 shares of the company’s stock after purchasing an additional 22,274 shares during the quarter. LPL Financial LLC’s holdings in Honda Motor were worth $2,247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMC. Sei Investments Co. raised its position in shares of Honda Motor by 1.1% during the 4th quarter. Sei Investments Co. now owns 159,938 shares of the company’s stock valued at $4,566,000 after buying an additional 1,815 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Honda Motor by 6.7% in the 4th quarter. American Century Companies Inc. now owns 500,097 shares of the company’s stock worth $14,278,000 after purchasing an additional 31,267 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Honda Motor during the 4th quarter valued at about $982,000. Summit Global Investments raised its holdings in shares of Honda Motor by 26.5% during the 4th quarter. Summit Global Investments now owns 109,587 shares of the company’s stock valued at $3,129,000 after buying an additional 22,966 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Honda Motor by 10.9% during the 4th quarter. Boston Partners now owns 43,322 shares of the company’s stock valued at $1,237,000 after buying an additional 4,252 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HMC. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday. They set a “market perform” rating on the stock. Finally, UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Trading Up 2.0 %

Honda Motor stock opened at $28.17 on Tuesday. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $36.52. The company has a market cap of $43.97 billion, a P/E ratio of 6.55 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $28.25.

Honda Motor (NYSE:HMC) last released its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (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 analyst estimates of $35.31 billion. Analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS 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.