Well Done LLC purchased a new stake in Honda Motor Company, Ltd. (NYSE:HMC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,892 shares of the company’s stock, valued at approximately $322,000.
Other large investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new stake in Honda Motor in the 2nd quarter valued at $103,000. IFP Advisors Inc boosted its stake in Honda Motor by 13.2% in the second quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after purchasing an additional 571 shares in the last quarter. Pacad Investment Ltd. boosted its stake in Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after purchasing an additional 300 shares in the last quarter. SG Americas Securities LLC acquired a new position in Honda Motor in the first quarter worth $157,000. Finally, Smithfield Trust Co. boosted its stake in Honda Motor by 7.9% in the second quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock worth $176,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 2.60% of the company’s stock.
Shares of Honda Motor Company, Ltd. (NYSE HMC) traded down $0.12 during midday trading on Tuesday, hitting $32.81. The stock had a trading volume of 1,049,500 shares, compared to its average volume of 660,134. Honda Motor Company, Ltd. has a one year low of $27.05 and a one year high of $33.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23. The company has a market capitalization of $59,650.32, a price-to-earnings ratio of 10.39, a P/E/G ratio of 3.09 and a beta of 1.05.
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A number of equities research analysts have recently weighed in on HMC shares. ValuEngine upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $36.36 target price on shares of Honda Motor in a research note on Friday, October 13th. BidaskClub raised Honda Motor from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.18.
Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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