Mitsubishi UFJ Asset Management Co. Ltd. Sells 4,549 Shares of Honda Motor Co., Ltd. $HMC

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,830 shares of the company’s stock after selling 4,549 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Honda Motor were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Honda Motor by 7.6% during the 1st quarter. Bank of New York Mellon Corp now owns 70,045 shares of the company’s stock worth $1,900,000 after buying an additional 4,954 shares during the period. Envestnet Asset Management Inc. grew its stake in Honda Motor by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 417,053 shares of the company’s stock valued at $11,315,000 after acquiring an additional 7,305 shares during the period. M&T Bank Corp bought a new stake in shares of Honda Motor during the first quarter valued at approximately $230,000. Cerity Partners LLC raised its position in shares of Honda Motor by 63.2% during the first quarter. Cerity Partners LLC now owns 90,084 shares of the company’s stock worth $2,444,000 after purchasing an additional 34,881 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of Honda Motor by 9.2% in the 1st quarter. Stephens Inc. AR now owns 14,414 shares of the company’s stock worth $391,000 after purchasing an additional 1,210 shares in 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 $30.10 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market cap of $46.98 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.14 and a beta of 0.48. The stock’s fifty day simple moving average is $31.74 and its two-hundred day simple moving average is $31.27. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.89.

Honda Motor (NYSE:HMC) last announced its earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. The firm had revenue of $34.57 billion during the quarter, compared to analysts’ expectations of $35.95 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HMC. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Finally, Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, Honda Motor has a consensus rating of “Hold”.

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.