Legacy Wealth Asset Management LLC Purchases 7,090 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Legacy Wealth Asset Management LLC raised its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,145 shares of the company’s stock after acquiring an additional 7,090 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Honda Motor were worth $1,903,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Asset Planning Inc bought a new stake in Honda Motor during the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Honda Motor during the 4th quarter worth about $26,000. R Squared Ltd bought a new position in shares of Honda Motor during the 4th quarter worth about $30,000. Rothschild Investment LLC boosted its position in shares of Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 417 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Honda Motor during the 4th quarter worth about $40,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

HMC stock opened at $30.51 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $33.73. The stock has a market capitalization of $47.62 billion, a PE ratio of 7.10 and a beta of 0.54. The company’s 50-day moving average is $28.95 and its 200-day moving average is $28.14.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.25 billion during the quarter, compared to analyst estimates of $5,371.99 billion. Equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analysts Set New Price Targets

HMC has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a “market perform” rating on the stock. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Finally, Dbs Bank cut shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th.

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.