Honda Motor Co., Ltd. (NYSE:HMC) Stock Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its position in Honda Motor Co., Ltd. (NYSE:HMC) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,263 shares of the company’s stock after selling 556 shares during the quarter. Rhumbline Advisers’ holdings in Honda Motor were worth $1,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMC. Principal Securities Inc. bought a new stake in Honda Motor in the fourth quarter valued at about $41,000. BNP Paribas Financial Markets increased its holdings in Honda Motor by 61.1% in the fourth quarter. BNP Paribas Financial Markets now owns 23,206 shares of the company’s stock valued at $717,000 after buying an additional 8,805 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Honda Motor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after buying an additional 141,552 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Honda Motor by 49.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 81,971 shares of the company’s stock valued at $2,533,000 after buying an additional 27,022 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Honda Motor by 4.8% in the fourth quarter. Corient Private Wealth LLC now owns 62,542 shares of the company’s stock valued at $1,933,000 after buying an additional 2,884 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Honda Motor Stock Performance

Shares of HMC stock opened at $32.72 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $31.54 and a two-hundred day moving average of $33.23. Honda Motor Co., Ltd. has a 52 week low of $27.69 and a 52 week high of $37.90. The company has a market cap of $55.97 billion, a P/E ratio of 6.93, a PEG ratio of 2.88 and a beta of 0.67.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The company had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 4.44 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

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.