Trust Co. of Toledo NA OH Buys Shares of 1,600 Honda Motor Co., Ltd. $HMC

Trust Co. of Toledo NA OH bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,600 shares of the company’s stock, valued at approximately $46,000.

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

Wall Street Analysts Forecast Growth

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

Honda Motor Stock Up 1.0%

Shares of NYSE HMC opened at $30.15 on Tuesday. The company 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. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $33.06 and a two-hundred day simple moving average of $30.81. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.89.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.46. The firm had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. Research 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.