Grantham Mayo Van Otterloo & Co. LLC Sells 601,120 Shares of Honda Motor Co., Ltd. $HMC

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 39.1% in the second quarter, HoldingsChannel.com reports. The fund owned 934,834 shares of the company’s stock after selling 601,120 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Honda Motor were worth $26,951,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC lifted its position in Honda Motor by 2.3% during the second quarter. Elevation Point Wealth Partners LLC now owns 17,889 shares of the company’s stock valued at $516,000 after purchasing an additional 394 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Honda Motor by 9.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 42,797 shares of the company’s stock valued at $1,234,000 after buying an additional 3,864 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Honda Motor by 16.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 25,357 shares of the company’s stock valued at $731,000 after buying an additional 3,558 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Honda Motor during the 2nd quarter worth $2,250,000. Finally, American Century Companies Inc. grew its position in Honda Motor by 12.4% in the second quarter. American Century Companies Inc. now owns 594,897 shares of the company’s stock worth $17,151,000 after acquiring an additional 65,648 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Honda Motor Stock Down 0.6%

HMC opened at $30.11 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.89. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $30.86 and its 200-day moving average price is $31.20. The company has a market cap of $47.00 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.17 and a beta of 0.48.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). The company had revenue of $34.57 billion for the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a return on equity of 5.18% and a net margin of 3.04%. On average, equities analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

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.