Assetmark Inc. Trims Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Assetmark Inc. lowered its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,386 shares of the company's stock after selling 70,855 shares during the period. Assetmark Inc.'s holdings in Honda Motor were worth $6,007,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HMC. FMR LLC boosted its holdings in Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company's stock valued at $43,021,000 after purchasing an additional 466,842 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Honda Motor by 2.3% in the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company's stock valued at $328,273,000 after buying an additional 227,890 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new position in Honda Motor during the fourth quarter worth $4,772,000. HITE Hedge Asset Management LLC grew its holdings in Honda Motor by 1,392.9% during the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company's stock worth $4,396,000 after acquiring an additional 129,259 shares during the period. Finally, Quantinno Capital Management LP raised its position in Honda Motor by 37.2% in the third quarter. Quantinno Capital Management LP now owns 184,404 shares of the company's stock worth $5,851,000 after acquiring an additional 49,963 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

NYSE HMC traded down $0.18 during mid-day trading on Tuesday, hitting $28.75. The stock had a trading volume of 295,077 shares, compared to its average volume of 1,223,719. The company has a 50 day simple moving average of $28.32 and a 200 day simple moving average of $29.00. The company has a market cap of $44.87 billion, a price-to-earnings ratio of 6.69 and a beta of 0.61. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $37.90. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

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Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. Equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

Honda Motor Profile

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.