Point View Wealth Management Inc. cut its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 18.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,504 shares of the company’s stock after selling 1,749 shares during the period. Point View Wealth Management Inc.’s holdings in Honda Motor were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HMC. IFP Advisors Inc increased its stake in shares of Honda Motor by 13.2% during the 2nd quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after purchasing an additional 571 shares in the last quarter. Pacad Investment Ltd. increased its stake in shares of Honda Motor by 6.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after purchasing an additional 300 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Honda Motor by 7.3% during the 2nd quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after purchasing an additional 377 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Honda Motor by 7.9% during the 2nd quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock worth $176,000 after purchasing an additional 470 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Honda Motor during the 3rd quarter worth approximately $204,000. 2.53% of the stock is owned by institutional investors.

HMC has been the subject of a number of recent research reports. ValuEngine cut shares of Honda Motor from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Honda Motor from a “buy” rating to a “sell” rating in a research note on Tuesday, October 17th. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. Jefferies Group LLC reissued a “buy” rating and set a $36.36 price objective on shares of Honda Motor in a research note on Friday, October 13th. Finally, UBS AG raised shares of Honda Motor from an “underweight” rating to a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Honda Motor currently has a consensus rating of “Hold” and an average price target of $34.18.

Shares of Honda Motor Company, Ltd. (HMC) traded up $0.30 during midday trading on Tuesday, reaching $32.92. 635,500 shares of the company were exchanged, compared to its average volume of 675,046. Honda Motor Company, Ltd. has a 1 year low of $27.05 and a 1 year high of $33.75. The firm has a market capitalization of $59,320.00, a price-to-earnings ratio of 10.29, a P/E/G ratio of 2.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23.

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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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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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