26,540 Shares in Honda Motor Co., Ltd. $HMC Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC acquired a new stake in 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 firm acquired 26,540 shares of the company’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WealthCollab LLC lifted its stake in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Honda Motor by 1,105.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after purchasing an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor during the 2nd quarter worth approximately $29,000. NewSquare Capital LLC grew its position in shares of Honda Motor by 99.8% in the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Honda Motor in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Performance

NYSE:HMC opened at $30.86 on Friday. The stock has a market capitalization of $48.17 billion, a P/E ratio of 10.09, a PEG ratio of 1.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41. Honda Motor Co., Ltd. has a fifty-two week low of $24.56 and a fifty-two week high of $34.89. The company has a 50 day moving average price of $29.97 and a 200 day moving average price of $31.38.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a return on equity of 5.18% and a net margin of 3.04%.The firm had revenue of $34.71 billion for the quarter, compared to analyst estimates of $35.95 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Nomura Securities raised Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Finally, Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.