Honda Motor Co., Ltd. $HMC Stock: Ethic Inc. Trims Holdings

Ethic Inc. reduced its position in Honda Motor Co., Ltd. (NYSE:HMC) by 48.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,487 shares of the company’s stock after selling 33,920 shares during the quarter. Ethic Inc.’s holdings in Honda Motor were worth $1,121,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in Honda Motor by 10.2% during the third quarter. Parallel Advisors LLC now owns 11,727 shares of the company’s stock valued at $371,000 after purchasing an additional 1,083 shares in the last quarter. May Hill Capital LLC bought a new position in shares of Honda Motor in the third quarter worth about $227,000. Kestra Advisory Services LLC boosted its stake in shares of Honda Motor by 32.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 17,402 shares of the company’s stock valued at $550,000 after purchasing an additional 4,261 shares in the last quarter. Ascent Group LLC acquired a new stake in shares of Honda Motor in the 3rd quarter valued at approximately $262,000. Finally, Putney Financial Group LLC bought a new stake in shares of Honda Motor during the 3rd quarter valued at approximately $25,000. 5.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HMC. Weiss Ratings upgraded Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. BNP Paribas Exane assumed coverage on Honda Motor in a report on Friday, September 18th. They set a “neutral” rating and a $34.00 price target on the stock. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of Honda Motor from a “buy” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $34.33 on Friday. The stock has a market cap of $53.58 billion, a price-to-earnings ratio of -35.03 and a beta of 0.49. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $36.88. The company’s fifty day moving average is $33.19 and its 200 day moving average is $29.15. The company has a quick ratio of 1.04, a current ratio of 1.32 and a debt-to-equity ratio of 0.73.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.63). The company had revenue of $39.13 billion during the quarter, compared to the consensus estimate of $36.68 billion. Honda Motor had a negative net margin of 0.97% and a negative return on equity of 1.78%. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 2.42 EPS for the current year.

Honda Motor Profile

Honda Motor Co., Ltd. is a Japan-based manufacturer of automobiles, motorcycles and other mobility products. Its vehicle lineup includes passenger cars, SUVs and electrified models, while its motorcycle business serves consumers and commercial users in markets around the world. The company also makes power equipment, marine engines and other products, and provides financial services that support vehicle and equipment sales. Honda’s aviation subsidiary, Honda Aircraft Company, develops and manufactures the HondaJet business aircraft.