Tred Avon Family Wealth LLC Makes New Investment in Honda Motor Co., Ltd. $HMC

Tred Avon Family Wealth LLC purchased a new position in Honda Motor Co., Ltd. (NYSE:HMC) in the 3rd quarter, HoldingsChannel reports. The fund purchased 26,540 shares of the company’s stock, valued at approximately $817,000.

Several other hedge funds have also modified their holdings of HMC. WealthCollab LLC boosted its holdings in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the period. Hazlett Burt & Watson Inc. raised its position in Honda Motor by 1,105.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after purchasing an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Honda Motor in the 2nd quarter valued at about $29,000. NewSquare Capital LLC increased its stake in shares of Honda Motor by 99.8% during the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock worth $31,000 after buying an additional 532 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Honda Motor in the second quarter valued at approximately $36,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Honda Motor Stock Performance

Shares of HMC stock opened at $30.86 on Friday. The stock’s 50-day moving average is $29.97 and its two-hundred day moving average is $31.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41. Honda Motor Co., Ltd. has a 1 year low of $24.56 and a 1 year high of $34.89. The firm has a market cap of $48.17 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.23 and a beta of 0.38.

Honda Motor (NYSE:HMC) last posted its earnings results on Friday, November 7th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.08). The firm had revenue of $34.71 billion during the quarter, compared to analysts’ expectations of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor 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.