New Wave Wealth Advisors LLC Invests $573,000 in Honda Motor Co., Ltd. (NYSE:HMC)

New Wave Wealth Advisors LLC purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,785 shares of the company’s stock, valued at approximately $573,000.

Several other institutional investors have also recently bought and sold shares of HMC. GAMMA Investing LLC lifted its position in shares of Honda Motor by 23.0% during the first quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock worth $62,000 after purchasing an additional 313 shares in the last quarter. RFP Financial Group LLC lifted its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after buying an additional 316 shares in the last quarter. Gallacher Capital Management LLC boosted its position in Honda Motor by 2.6% in the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock valued at $498,000 after buying an additional 336 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Honda Motor by 3.4% in the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after buying an additional 359 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Honda Motor by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company’s stock worth $702,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Down 1.5 %

Shares of NYSE:HMC opened at $31.74 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The stock has a market cap of $54.29 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 2.81 and a beta of 0.67. The company has a 50 day moving average of $31.60 and a 200-day moving average of $33.10. Honda Motor Co., Ltd. has a one year low of $27.69 and a one year high of $37.90.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

About Honda Motor

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.