Bleakley Financial Group LLC Invests $600,000 in Honda Motor Co., Ltd. $HMC

Bleakley Financial Group LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,812 shares of the company’s stock, valued at approximately $600,000.

Several other hedge funds also recently made changes to their positions in the business. RNC Capital Management LLC increased its holdings in shares of Honda Motor by 13.1% during the second quarter. RNC Capital Management LLC now owns 11,408 shares of the company’s stock worth $329,000 after purchasing an additional 1,320 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of Honda Motor by 16.0% during the second quarter. Rosenberg Matthew Hamilton now owns 4,971 shares of the company’s stock worth $143,000 after purchasing an additional 684 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Honda Motor by 24.0% during the second quarter. Ritholtz Wealth Management now owns 76,930 shares of the company’s stock worth $2,218,000 after purchasing an additional 14,899 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Honda Motor by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 22,136 shares of the company’s stock worth $638,000 after purchasing an additional 1,185 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its holdings in shares of Honda Motor by 61.3% during the second quarter. Total Clarity Wealth Management Inc. now owns 12,456 shares of the company’s stock worth $359,000 after purchasing an additional 4,736 shares during the period. 5.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HMC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Honda Motor in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Honda Motor has a consensus rating of “Hold”.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $31.53 on Monday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market capitalization of $49.21 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.05 and a beta of 0.48. The company’s 50 day moving average price is $32.78 and its two-hundred day moving average price is $31.12.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The firm had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor 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.