Transamerica Financial Advisors Inc. Purchases New Position in Honda Motor Co., Ltd. (NYSE:HMC)

Transamerica Financial Advisors Inc. purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,469 shares of the company’s stock, valued at approximately $111,000.

A number of other hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Honda Motor by 35.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,866 shares of the company’s stock valued at $218,000 after acquiring an additional 1,531 shares in the last quarter. Tidal Investments LLC bought a new stake in Honda Motor during the 1st quarter valued at approximately $373,000. Cetera Advisors LLC bought a new stake in shares of Honda Motor in the 1st quarter worth approximately $491,000. Boston Partners boosted its position in shares of Honda Motor by 31.8% in the 1st quarter. Boston Partners now owns 54,270 shares of the company’s stock worth $2,018,000 after purchasing an additional 13,085 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Honda Motor by 8.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock worth $206,000 after purchasing an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Stock Down 0.9 %

Shares of HMC opened at $25.63 on Thursday. 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 business’s 50 day moving average price is $29.89 and its 200-day moving average price is $31.28. Honda Motor Co., Ltd. has a 52 week low of $25.56 and a 52 week high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. On average, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor 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.