Essex Financial Services Inc. Purchases Shares of 7,174 Honda Motor Co., Ltd. (NYSE:HMC)

Essex Financial Services Inc. acquired a new position in Honda Motor Co., Ltd. (NYSE:HMC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,174 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Honda Motor in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor during the third quarter worth $36,000. Addison Advisors LLC lifted its holdings in Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,021 shares during the period. BNP Paribas Financial Markets grew its holdings in Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after acquiring an additional 1,150 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Honda Motor by 44.8% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the company’s stock worth $98,000 after acquiring an additional 1,066 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HMC shares. StockNews.com lowered Honda Motor from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Price Performance

Shares of NYSE HMC opened at $28.71 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $27.70 and its 200-day moving average price is $29.36. The firm has a market capitalization of $44.80 billion, a P/E ratio of 7.09 and a beta of 0.58. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 4.02 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.