PDS Planning Inc Has $283,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

PDS Planning Inc lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,897 shares of the company’s stock after purchasing an additional 3,148 shares during the quarter. PDS Planning Inc’s holdings in Honda Motor were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Honda Motor by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company’s stock valued at $1,404,000 after purchasing an additional 401 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in Honda Motor by 8.5% during the fourth quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock worth $162,000 after acquiring an additional 445 shares in the last quarter. Rhumbline Advisers raised its stake in Honda Motor by 1.1% during the fourth quarter. Rhumbline Advisers now owns 40,775 shares of the company’s stock worth $1,164,000 after acquiring an additional 457 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Honda Motor by 14.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company’s stock worth $117,000 after acquiring an additional 507 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Honda Motor by 8.2% during the third quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock worth $250,000 after acquiring an additional 595 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Honda Motor stock opened at $30.39 on Wednesday. The stock has a 50-day simple moving average of $28.37 and a 200 day simple moving average of $28.86. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90. The stock has a market capitalization of $47.43 billion, a price-to-earnings ratio of 7.07 and a beta of 0.61.

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

Wall Street Analyst Weigh In

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

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.