Park Avenue Securities LLC Buys 18,605 Shares of Honda Motor Co., Ltd. $HMC

Park Avenue Securities LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 114.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,879 shares of the company’s stock after acquiring an additional 18,605 shares during the period. Park Avenue Securities LLC’s holdings in Honda Motor were worth $1,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Honda Motor by 8.6% in the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after purchasing an additional 22,479 shares during the last quarter. AQR Capital Management LLC grew its stake in Honda Motor by 29.5% during the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after buying an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Honda Motor by 5.8% during the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after buying an additional 468 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after buying an additional 100,330 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after acquiring an additional 1,161 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Trading Down 0.9%

HMC stock opened at $30.63 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.66. Honda Motor Co., Ltd. has a twelve month low of $24.56 and a twelve month high of $34.89. The company has a market cap of $47.80 billion, a P/E ratio of 10.01, a PEG ratio of 1.24 and a beta of 0.38. The business has a fifty day moving average of $29.94 and a 200-day moving average of $31.36.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a return on equity of 5.18% and a net margin of 3.04%.The firm had revenue of $34.71 billion during the quarter, compared to analyst estimates of $35.95 billion. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HMC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Nomura Securities raised Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honda Motor currently has a consensus rating of “Hold”.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.