Total Clarity Wealth Management Inc. Boosts Stake in Honda Motor Co., Ltd. $HMC

Total Clarity Wealth Management Inc. raised its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 61.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,456 shares of the company’s stock after purchasing an additional 4,736 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Honda Motor were worth $359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HMC. Farther Finance Advisors LLC raised its holdings in shares of Honda Motor by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock valued at $75,000 after buying an additional 947 shares during the period. GAMMA Investing LLC raised its holdings in shares of Honda Motor by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 5,232 shares of the company’s stock valued at $142,000 after buying an additional 1,784 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Honda Motor by 2.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,311 shares of the company’s stock valued at $795,000 after buying an additional 713 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Honda Motor by 2.2% in the 1st quarter. Ritholtz Wealth Management now owns 62,031 shares of the company’s stock valued at $1,683,000 after buying an additional 1,349 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Honda Motor by 0.8% in the 1st quarter. QRG Capital Management Inc. now owns 179,820 shares of the company’s stock valued at $4,879,000 after buying an additional 1,424 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Macquarie downgraded Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Honda Motor in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Honda Motor currently has a consensus rating of “Reduce”.

Honda Motor Trading Up 1.0%

NYSE:HMC opened at $30.15 on Tuesday. The stock has a 50-day simple moving average of $33.06 and a 200-day simple moving average of $30.81. The stock has a market cap of $47.05 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.99 and a beta of 0.48. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to analysts’ expectations of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.