Valeo Financial Advisors LLC Raises Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Valeo Financial Advisors LLC lifted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 18.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,701 shares of the company’s stock after acquiring an additional 1,355 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Honda Motor were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HMC. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Honda Motor in the fourth quarter worth about $26,000. Bessemer Group Inc. grew its stake in shares of Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 902 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after buying an additional 417 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Honda Motor by 277.7% in the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock valued at $52,000 after buying an additional 1,330 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock valued at $53,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein started coverage on Honda Motor in a research note on Monday, April 14th. They issued a “market perform” rating for the company. Macquarie downgraded shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Finally, Dbs Bank downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Honda Motor Stock Performance

Honda Motor stock opened at $30.67 on Friday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $33.72. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 8.79 and a beta of 0.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07. The firm’s fifty day moving average price is $29.65 and its 200 day moving average price is $28.88.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). The company had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. On average, research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.