Janney Montgomery Scott LLC decreased its position in Honda Motor Company, Ltd. (NYSE:HMC) by 8.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,793 shares of the company’s stock after selling 2,971 shares during the period. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMC. First Trust Advisors LP boosted its position in Honda Motor by 132.5% in the first quarter. First Trust Advisors LP now owns 35,121 shares of the company’s stock worth $1,063,000 after buying an additional 20,016 shares during the last quarter. Wright Investors Service Inc. purchased a new position in Honda Motor during the first quarter worth approximately $403,000. Wells Fargo & Company MN boosted its position in Honda Motor by 24.0% in the first quarter. Wells Fargo & Company MN now owns 416,452 shares of the company’s stock worth $12,601,000 after buying an additional 80,538 shares during the last quarter. Greenleaf Trust purchased a new position in Honda Motor during the first quarter worth approximately $627,000. Finally, Wetherby Asset Management Inc. boosted its position in Honda Motor by 12.4% in the first quarter. Wetherby Asset Management Inc. now owns 26,922 shares of the company’s stock worth $815,000 after buying an additional 2,979 shares during the last quarter. 2.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Honda Motor Company, Ltd. (NYSE:HMC) opened at 27.74 on Tuesday. The company has a market cap of $50.00 billion, a price-to-earnings ratio of 8.51 and a beta of 1.01. Honda Motor Company, Ltd. has a 52 week low of $27.05 and a 52 week high of $32.17. The company has a 50 day moving average of $27.70 and a 200-day moving average of $29.07.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the 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 company had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same period in the prior year, the business earned $96.93 earnings per share. Honda Motor’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.

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A number of research analysts have recently commented on the stock. TheStreet raised shares of Honda Motor from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. BidaskClub upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Instinet upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research note on Tuesday, August 1st. Finally, Nomura upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.59.

About Honda Motor

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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