Raymond James & Associates Sells 10,636 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Raymond James & Associates reduced its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,699 shares of the company’s stock after selling 10,636 shares during the quarter. Raymond James & Associates’ holdings in Honda Motor were worth $5,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Forum Financial Management LP grew its stake in shares of Honda Motor by 1.2% during the fourth quarter. Forum Financial Management LP now owns 41,461 shares of the company’s stock valued at $948,000 after buying an additional 500 shares during the last quarter. Hedges Asset Management LLC grew its stake in shares of Honda Motor by 9.5% in the fourth quarter. Hedges Asset Management LLC now owns 15,000 shares of the company’s stock worth $343,000 after purchasing an additional 1,300 shares during the last quarter. Schechter Investment Advisors LLC grew its stake in shares of Honda Motor by 23.5% in the third quarter. Schechter Investment Advisors LLC now owns 32,562 shares of the company’s stock worth $703,000 after purchasing an additional 6,187 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Honda Motor by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,199,876 shares of the company’s stock worth $25,905,000 after purchasing an additional 518,255 shares during the last quarter. Finally, AXA S.A. bought a new stake in shares of Honda Motor in the third quarter worth about $30,000. 5.48% of the stock is owned by institutional investors.

Honda Motor Stock Up 1.3 %

Shares of NYSE:HMC opened at $28.56 on Tuesday. Honda Motor Co., Ltd. has a 52-week low of $21.43 and a 52-week high of $28.71. The firm has a market capitalization of $48.85 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.46 and a beta of 0.76. The stock has a 50 day moving average price of $26.43 and a 200-day moving average price of $25.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.45.

Analyst Ratings Changes

Several analysts recently issued reports on HMC shares. JPMorgan Chase & Co. raised Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 28th. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a research note on Tuesday, January 31st. Finally, StockNews.com initiated coverage on Honda Motor in a report on Thursday, May 18th. They set a “strong-buy” rating on the stock.

About Honda Motor

(Get Rating)

Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.