Assetmark Inc. grew its stake in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,602 shares of the company’s stock after buying an additional 24,946 shares during the quarter. Assetmark Inc.’s holdings in Honda Motor were worth $3,142,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its position in Honda Motor by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 9,872 shares of the company’s stock worth $212,000 after acquiring an additional 434 shares in the last quarter. Harrington Investments INC lifted its stake in shares of Honda Motor by 1.4% during the 1st quarter. Harrington Investments INC now owns 35,279 shares of the company’s stock worth $935,000 after buying an additional 500 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Honda Motor by 5.1% during the 1st quarter. Fifth Third Bancorp now owns 10,862 shares of the company’s stock worth $288,000 after buying an additional 523 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Honda Motor by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 7,979 shares of the company’s stock worth $225,000 after buying an additional 557 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Honda Motor by 19.6% during the 1st quarter. Lindbrook Capital LLC now owns 4,093 shares of the company’s stock worth $108,000 after buying an additional 670 shares during the last quarter. Institutional investors and hedge funds own 5.57% of the company’s stock.
Honda Motor Trading Up 1.1 %
HMC opened at $31.18 on Tuesday. The company’s 50 day moving average is $30.63 and its 200-day moving average is $27.66. Honda Motor Co., Ltd. has a 1-year low of $21.43 and a 1-year high of $32.62. The company has a current ratio of 1.44, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market cap of $53.34 billion, a P/E ratio of 10.39, a PEG ratio of 0.48 and a beta of 0.76.
Analyst Ratings Changes
A number of research firms have recently issued reports on HMC. UBS Group cut shares of Honda Motor from a “neutral” rating to a “sell” rating in a research note on Thursday, July 6th. StockNews.com assumed coverage on shares of Honda Motor in a report on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, Nomura lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honda Motor has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on HMC
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.
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