Wilmington Savings Fund Society FSB Purchases New Shares in Honda Motor Co., Ltd. (NYSE:HMC)

Wilmington Savings Fund Society FSB acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,128 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of Honda Motor by 3.4% during the second quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after purchasing an additional 359 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Honda Motor by 1.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after buying an additional 389 shares during the last quarter. Harrington Investments INC increased its stake in shares of Honda Motor by 1.0% in the 2nd quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock valued at $1,284,000 after buying an additional 410 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Honda Motor by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after acquiring an additional 495 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Honda Motor by 3.2% during the second quarter. Atomi Financial Group Inc. now owns 16,472 shares of the company’s stock valued at $531,000 after acquiring an additional 509 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Up 0.8 %

NYSE:HMC opened at $23.89 on Monday. The stock’s fifty day simple moving average is $27.56 and its 200-day simple moving average is $30.34. The firm has a market capitalization of $40.87 billion, a P/E ratio of 5.90, a P/E/G ratio of 2.57 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The company had revenue of $36.24 billion for the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Equities research analysts expect that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

HMC has been the subject of several recent research reports. StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

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.