Naviter Wealth LLC Increases Position in Honda Motor Co., Ltd. (NYSE:HMC)

Naviter Wealth LLC boosted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 24.1% in the fourth quarter, HoldingsChannel reports. The firm owned 27,189 shares of the company’s stock after purchasing an additional 5,273 shares during the period. Naviter Wealth LLC’s holdings in Honda Motor were worth $840,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its stake in shares of Honda Motor by 324.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after buying an additional 691 shares during the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Honda Motor in the 3rd quarter worth about $30,000. Anchor Investment Management LLC acquired a new stake in shares of Honda Motor in the 4th quarter valued at about $31,000. Private Trust Co. NA raised its stake in shares of Honda Motor by 77.6% in the 3rd quarter. Private Trust Co. NA now owns 975 shares of the company’s stock valued at $33,000 after purchasing an additional 426 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Honda Motor by 186.1% during the 3rd quarter. Allworth Financial LP now owns 1,153 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Price Performance

Shares of NYSE HMC opened at $34.29 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $57.90 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.37 and a beta of 0.71. Honda Motor Co., Ltd. has a twelve month low of $25.92 and a twelve month high of $37.90. The business has a 50 day simple moving average of $35.83 and a 200-day simple moving average of $33.31.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Friday, February 9th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $36.50 billion during the quarter, compared to the consensus estimate of $37.68 billion. Honda Motor had a net margin of 5.05% and a return on equity of 8.04%. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 4.14 earnings per share for the current year.

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.