HighTower Advisors LLC Sells 17,617 Shares of Honda Motor Co., Ltd. $HMC

HighTower Advisors LLC lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 34.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,802 shares of the company’s stock after selling 17,617 shares during the quarter. HighTower Advisors LLC’s holdings in Honda Motor were worth $916,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. WealthCollab LLC grew its position in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor during the third quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor during the second quarter valued at $29,000. Financial Management Professionals Inc. boosted its stake in shares of Honda Motor by 38.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after purchasing an additional 518 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Honda Motor by 121.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Up 1.1%

NYSE:HMC opened at $31.56 on Friday. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $49.26 billion, a P/E ratio of -45.08 and a beta of 0.42. The stock’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $27.39.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The business had revenue of $37.27 billion during the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. Equities research analysts expect that Honda Motor Co., Ltd. will post 1.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HMC. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Weiss Ratings cut shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.