Ritholtz Wealth Management lessened its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 11.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,911 shares of the company's stock after selling 18,406 shares during the quarter. Ritholtz Wealth Management's holdings in Honda Motor were worth $4,575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC lifted its stake in Honda Motor by 48.2% in the 4th quarter. CWM LLC now owns 3,517 shares of the company's stock valued at $109,000 after acquiring an additional 1,144 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Honda Motor by 1.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,162 shares of the company's stock valued at $623,000 after buying an additional 326 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Honda Motor by 21.8% during the 4th quarter. Apollon Wealth Management LLC now owns 26,874 shares of the company's stock worth $831,000 after buying an additional 4,803 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Honda Motor during the 4th quarter worth about $41,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Honda Motor by 61.1% in the 4th quarter. BNP Paribas Financial Markets now owns 23,206 shares of the company's stock valued at $717,000 after acquiring an additional 8,805 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Stock Up 0.2 %
Shares of NYSE:HMC traded up $0.05 during midday trading on Friday, hitting $32.95. The stock had a trading volume of 738,423 shares, compared to its average volume of 935,448. Honda Motor Co., Ltd. has a 12 month low of $27.69 and a 12 month high of $37.90. The business's 50-day simple moving average is $31.67 and its 200-day simple moving average is $33.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The business had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. As a group, research analysts predict that Honda Motor Co., Ltd. will post 4.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Honda Motor from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 11th.
Check Out Our Latest Research Report on HMC
About Honda Motor
(Free Report)
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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