Honda Motor Company, Ltd. (HMC) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC cut its holdings in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 897,650 shares of the company’s stock after selling 17,153 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Honda Motor were worth $24,587,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in HMC. Advisor Group Inc. raised its stake in shares of Honda Motor by 5.7% during the 2nd quarter. Advisor Group Inc. now owns 11,687 shares of the company’s stock worth $314,000 after purchasing an additional 628 shares during the period. MML Investors Services LLC purchased a new position in shares of Honda Motor in the 2nd quarter worth about $286,000. ETRADE Capital Management LLC boosted its holdings in shares of Honda Motor by 23.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 14,599 shares of the company’s stock worth $400,000 after buying an additional 2,764 shares during the last quarter. FMR LLC boosted its holdings in shares of Honda Motor by 63.4% in the 2nd quarter. FMR LLC now owns 136,795 shares of the company’s stock worth $3,747,000 after buying an additional 53,100 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Honda Motor by 15.3% in the 2nd quarter. Citigroup Inc. now owns 50,679 shares of the company’s stock worth $1,387,000 after buying an additional 6,719 shares during the last quarter. 2.58% of the stock is owned by hedge funds and other institutional investors.
Honda Motor Company, Ltd. (NYSE HMC) opened at 29.78 on Tuesday. The stock has a market cap of $53.67 billion, a PE ratio of 8.95 and a beta of 1.03. The stock’s 50 day moving average price is $28.64 and its 200-day moving average price is $28.46. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17.
Honda Motor (NYSE:HMC) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. During the same period last year, the business posted $96.93 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Zacks Investment Research lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine cut shares of Honda Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC set a $35.00 target price on shares of Honda Motor and gave the company a “buy” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Honda Motor presently has a consensus rating of “Hold” and a consensus price target of $33.50.
Honda Motor Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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