Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC decreased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,805 shares of the company’s stock after selling 1,455 shares during the period. RNC Capital Management LLC’s holdings in Honda Motor were worth $251,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC boosted its holdings in shares of Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after buying an additional 227,890 shares in the last quarter. Equity Investment Corp boosted its holdings in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock valued at $66,557,000 after buying an additional 36,221 shares in the last quarter. FMR LLC boosted its holdings in shares of Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after buying an additional 466,842 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after buying an additional 18,134 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Honda Motor by 3.7% in the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock valued at $8,924,000 after buying an additional 9,978 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Stock Down 1.5 %

HMC stock opened at $27.87 on Friday. The company has a fifty day moving average price of $27.50 and a 200 day moving average price of $29.49. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company has a market cap of $43.51 billion, a price-to-earnings ratio of 6.88 and a beta of 0.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 4.02 earnings per share for the current 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.