EverSource Wealth Advisors LLC Boosts Stake in Honda Motor Co., Ltd. (NYSE:HMC)

EverSource Wealth Advisors LLC raised its position in Honda Motor Co., Ltd. (NYSE:HMC) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,066 shares of the company’s stock after buying an additional 463 shares during the period. EverSource Wealth Advisors LLC’s holdings in Honda Motor were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of Honda Motor by 6.9% during the fourth quarter. Raymond James & Associates now owns 323,011 shares of the company’s stock worth $9,984,000 after purchasing an additional 20,787 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Honda Motor by 8.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,267 shares of the company’s stock worth $750,000 after purchasing an additional 1,806 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Honda Motor by 27.1% in the fourth quarter. Ballentine Partners LLC now owns 8,367 shares of the company’s stock worth $259,000 after acquiring an additional 1,782 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Honda Motor by 2,509.9% in the fourth quarter. International Assets Investment Management LLC now owns 335,373 shares of the company’s stock worth $10,850,000 after acquiring an additional 322,523 shares during the last quarter. Finally, Lodestone Wealth Management LLC lifted its holdings in Honda Motor by 5.9% in the fourth quarter. Lodestone Wealth Management LLC now owns 6,778 shares of the company’s stock worth $210,000 after acquiring an additional 375 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

Honda Motor Price Performance

Shares of NYSE:HMC traded down $0.95 during trading hours on Friday, hitting $30.03. The stock had a trading volume of 1,202,372 shares, compared to its average volume of 791,648. The stock’s fifty day simple moving average is $32.17 and its 200 day simple moving average is $33.89. Honda Motor Co., Ltd. has a 1-year low of $29.05 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The business had revenue of $36.56 billion for the quarter, compared to analyst estimates of $37.96 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 4.55 earnings per share 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.