Farther Finance Advisors LLC Buys 770 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Farther Finance Advisors LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 70.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,868 shares of the company’s stock after purchasing an additional 770 shares during the period. Farther Finance Advisors LLC’s holdings in Honda Motor were worth $53,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HMC. Pathstone Holdings LLC boosted its holdings in Honda Motor by 1.9% in the 3rd quarter. Pathstone Holdings LLC now owns 62,832 shares of the company’s stock valued at $1,994,000 after purchasing an additional 1,200 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Honda Motor by 42.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,532 shares of the company’s stock valued at $683,000 after buying an additional 6,465 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Honda Motor in the 3rd quarter valued at $398,000. Charles Schwab Investment Management Inc. raised its stake in shares of Honda Motor by 27.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 98,786 shares of the company’s stock valued at $3,134,000 after buying an additional 21,390 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Honda Motor by 11.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 20,938 shares of the company’s stock valued at $664,000 after buying an additional 2,084 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HMC. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Trading Down 0.3 %

Shares of Honda Motor stock opened at $30.06 on Monday. The stock has a market capitalization of $46.91 billion, a P/E ratio of 6.99 and a beta of 0.61. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $28.40 and a 200 day simple moving average of $28.82. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.44.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. The business had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. Research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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.