Honda Motor Co., Ltd. $HMC Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 26.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,645 shares of the company’s stock after purchasing an additional 20,715 shares during the period. Ritholtz Wealth Management’s holdings in Honda Motor were worth $3,007,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. WealthCollab LLC lifted its holdings in Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Honda Motor by 1,105.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after acquiring an additional 873 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor in the second quarter worth about $29,000. NewSquare Capital LLC boosted its holdings in Honda Motor by 99.8% in the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Honda Motor during the 2nd quarter valued at approximately $36,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on HMC. Nomura Securities raised Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Honda Motor presently has an average rating of “Hold”.

Honda Motor Stock Performance

Shares of HMC opened at $30.86 on Friday. The stock has a market capitalization of $48.17 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.38. The business’s fifty day moving average price is $29.97 and its 200 day moving average price is $31.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.13. Honda Motor Co., Ltd. has a 12-month low of $24.56 and a 12-month high of $34.89.

Honda Motor (NYSE:HMC) last issued its earnings results on Friday, November 7th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a return on equity of 5.18% and a net margin of 3.04%.The business had revenue of $34.71 billion for the quarter, compared to analyst estimates of $35.95 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.