Park Avenue Securities LLC Raises Stock Position in Honda Motor Co., Ltd. $HMC

Park Avenue Securities LLC lifted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,274 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. Park Avenue Securities LLC’s holdings in Honda Motor were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. BTC Capital Management Inc. increased its position in shares of Honda Motor by 2.7% during the second quarter. BTC Capital Management Inc. now owns 45,081 shares of the company’s stock worth $1,300,000 after acquiring an additional 1,191 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Honda Motor by 3.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 30,270 shares of the company’s stock valued at $917,000 after buying an additional 959 shares during the period. Sivia Capital Partners LLC purchased a new position in Honda Motor during the second quarter valued at approximately $261,000. Gilman Hill Asset Management LLC increased its holdings in Honda Motor by 1.0% during the second quarter. Gilman Hill Asset Management LLC now owns 178,798 shares of the company’s stock valued at $5,155,000 after buying an additional 1,848 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in Honda Motor by 8.2% during the second quarter. Aaron Wealth Advisors LLC now owns 13,975 shares of the company’s stock valued at $403,000 after buying an additional 1,057 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Down 4.0%

NYSE:HMC opened at $31.79 on Tuesday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.89. The firm has a fifty day simple moving average of $33.34 and a 200-day simple moving average of $30.72. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $49.62 billion, a P/E ratio of 11.00, a PEG ratio of 1.10 and a beta of 0.52.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Macquarie lowered shares of Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Finally, Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently 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.