Honda Motor Co., Ltd. $HMC Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in Honda Motor Co., Ltd. (NYSE:HMC) by 4.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,783 shares of the company’s stock after selling 3,344 shares during the period. Foster & Motley Inc.’s holdings in Honda Motor were worth $2,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Equity Investment Corp lifted its holdings in Honda Motor by 4.6% in the first quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock worth $59,646,000 after acquiring an additional 96,230 shares during the last quarter. Northern Trust Corp lifted its holdings in Honda Motor by 1.0% in the first quarter. Northern Trust Corp now owns 1,110,812 shares of the company’s stock worth $30,136,000 after acquiring an additional 11,114 shares during the last quarter. American Century Companies Inc. lifted its holdings in Honda Motor by 5.8% in the first quarter. American Century Companies Inc. now owns 529,249 shares of the company’s stock worth $14,359,000 after acquiring an additional 29,152 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Honda Motor by 4.5% in the first quarter. Raymond James Financial Inc. now owns 435,783 shares of the company’s stock worth $11,823,000 after acquiring an additional 18,667 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Honda Motor by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 417,053 shares of the company’s stock worth $11,315,000 after acquiring an additional 7,305 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $30.82 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.89. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.02 and a beta of 0.48. The stock’s 50 day moving average price is $32.95 and its 200 day moving average price is $30.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The firm had revenue of $36.22 billion for the quarter, compared to analysts’ expectations of $36.04 billion. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HMC shares. Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Finally, Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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.