Apollon Wealth Management LLC Grows Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Apollon Wealth Management LLC increased its position in Honda Motor Co., Ltd. (NYSE:HMC) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,138 shares of the company’s stock after acquiring an additional 389 shares during the quarter. Apollon Wealth Management LLC’s holdings in Honda Motor were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Honda Motor in the 2nd quarter worth approximately $28,000. LRI Investments LLC boosted its stake in Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares during the period. Family Firm Inc. bought a new position in Honda Motor in the 2nd quarter worth approximately $35,000. Addison Advisors LLC boosted its stake in Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,021 shares during the period. Finally, Mather Group LLC. boosted its stake in Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock worth $64,000 after purchasing an additional 1,970 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Up 0.2 %

NYSE HMC opened at $25.82 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a one year low of $25.57 and a one year high of $37.90. The stock has a 50 day moving average price of $30.81 and a 200-day moving average price of $31.79.

Honda Motor (NYSE:HMC) last posted its 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). The firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Ratings Changes

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

About Honda Motor

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.