Investors Research Corp Trims Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Investors Research Corp trimmed its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,333 shares of the company’s stock after selling 1,450 shares during the quarter. Investors Research Corp’s holdings in Honda Motor were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HMC. PNC Financial Services Group Inc. lifted its stake in Honda Motor by 5.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,941 shares of the company’s stock worth $1,397,000 after purchasing an additional 2,634 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Honda Motor during the fourth quarter worth about $2,332,000. Callan Family Office LLC bought a new stake in Honda Motor during the fourth quarter worth about $654,000. Raymond James Financial Inc. bought a new stake in Honda Motor during the fourth quarter worth about $11,909,000. Finally, Aigen Investment Management LP bought a new stake in Honda Motor during the fourth quarter worth about $572,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Honda Motor Trading Up 1.3 %

NYSE HMC opened at $29.19 on Monday. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $28.31 and a 200-day moving average of $29.02. The firm has a market cap of $45.55 billion, a PE ratio of 6.79 and a beta of 0.61.

Honda Motor (NYSE:HMC) last released its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share 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 company had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Honda Motor Company Profile

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.