Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 409,748 shares of the company's stock after selling 262,811 shares during the period. Envestnet Asset Management Inc.'s holdings in Honda Motor were worth $11,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HMC. Oppenheimer Asset Management Inc. increased its position in shares of Honda Motor by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock worth $1,404,000 after purchasing an additional 401 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in Honda Motor by 8.5% during the 4th quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company's stock worth $162,000 after purchasing an additional 445 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Honda Motor by 1.1% during the fourth quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock worth $1,164,000 after buying an additional 457 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Honda Motor by 14.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock valued at $117,000 after buying an additional 507 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Honda Motor by 8.2% in the third quarter. M&T Bank Corp now owns 7,879 shares of the company's stock worth $250,000 after buying an additional 595 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HMC has been the subject of a number of recent research reports. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company.

Honda Motor Trading Up 1.5 %

Shares of NYSE HMC traded up $0.46 during trading on Wednesday, hitting $30.25. 145,222 shares of the company were exchanged, compared to its average volume of 1,235,125. The company has a fifty day moving average price of $28.17 and a 200-day moving average price of $28.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The firm has a market capitalization of $47.22 billion, a PE ratio of 7.03 and a beta of 0.57. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.99.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Honda Motor Company 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.