New Wave Wealth Advisors LLC Buys Shares of 5,570 Honda Motor Co., Ltd. (NYSE:HMC)

New Wave Wealth Advisors LLC purchased a new position in Honda Motor Co., Ltd. (NYSE:HMC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,570 shares of the company’s stock, valued at approximately $159,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC increased its position in Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Honda Motor in the 2nd quarter valued at $8,635,000. Fisher Asset Management LLC increased its holdings in shares of Honda Motor by 2.3% in the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after purchasing an additional 227,890 shares during the period. International Assets Investment Management LLC raised its position in Honda Motor by 1,906.3% during the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after buying an additional 184,057 shares during the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new position in shares of Honda Motor during the fourth quarter worth $4,772,000. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HMC shares. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Trading Down 1.3 %

Shares of Honda Motor stock opened at $28.29 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $27.32 and its 200-day simple moving average is $29.63. The stock has a market cap of $44.15 billion, a P/E ratio of 6.98 and a beta of 0.59. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Analysts predict that Honda Motor Co., Ltd. will post 4.02 EPS for the current fiscal 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.