NewEdge Wealth LLC Sells 36,537 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

NewEdge Wealth LLC cut its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,711 shares of the company’s stock after selling 36,537 shares during the quarter. NewEdge Wealth LLC’s holdings in Honda Motor were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Honda Motor by 29.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock worth $413,000 after acquiring an additional 2,935 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after acquiring an additional 184,057 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Honda Motor by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 44,269 shares of the company’s stock worth $1,405,000 after acquiring an additional 2,991 shares during the last quarter. Optas LLC bought a new stake in shares of Honda Motor in the 3rd quarter worth approximately $203,000. Finally, Allen Wealth Management LLC lifted its holdings in shares of Honda Motor by 7.2% in the 3rd quarter. Allen Wealth Management LLC now owns 56,205 shares of the company’s stock worth $1,783,000 after acquiring an additional 3,752 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 0.6 %

NYSE:HMC opened at $27.80 on Friday. The company has a fifty day moving average of $28.25 and a 200 day moving average of $29.16. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $37.90. 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 firm has a market capitalization of $43.40 billion, a P/E ratio of 6.47 and a beta of 0.58.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates 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. On average, research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HMC. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

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.