Mount Yale Investment Advisors LLC Boosts Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Mount Yale Investment Advisors LLC raised its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,357 shares of the company’s stock after buying an additional 2,629 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Honda Motor were worth $524,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HMC. Fisher Asset Management LLC raised its position in shares of Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after purchasing an additional 227,890 shares during the last quarter. Equity Investment Corp raised its holdings in Honda Motor by 1.8% in the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after buying an additional 36,221 shares during the last quarter. FMR LLC lifted its stake in shares of Honda Motor by 52.5% in the third quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after buying an additional 466,842 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after buying an additional 18,134 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Honda Motor by 3.7% during the third quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock valued at $8,924,000 after acquiring an additional 9,978 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HMC. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Stock Down 0.4 %

HMC opened at $28.68 on Wednesday. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $37.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $27.19 and a 200-day moving average price of $29.68. The stock has a market capitalization of $44.77 billion, a price-to-earnings ratio of 7.08 and a beta of 0.59.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 4.2 earnings per share for the current year.

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.