HighTower Advisors LLC reduced its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,891 shares of the company's stock after selling 32,635 shares during the period. HighTower Advisors LLC's holdings in Honda Motor were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Honda Motor during the 4th quarter worth approximately $11,909,000. XY Capital Ltd acquired a new position in shares of Honda Motor in the fourth quarter worth $1,294,000. Hedges Asset Management LLC increased its position in shares of Honda Motor by 91.8% during the fourth quarter. Hedges Asset Management LLC now owns 28,000 shares of the company's stock worth $799,000 after acquiring an additional 13,400 shares during the period. Persium Advisors LLC acquired a new stake in shares of Honda Motor in the fourth quarter valued at $628,000. Finally, Aigen Investment Management LP purchased a new position in Honda Motor in the fourth quarter valued at $572,000. 5.32% of the stock is owned by institutional investors and hedge funds.
Honda Motor Stock Down 5.2 %
Shares of Honda Motor stock traded down $1.49 during trading on Friday, hitting $27.29. 1,605,845 shares of the stock were exchanged, compared to its average volume of 1,048,041. The stock has a market cap of $42.59 billion, a price-to-earnings ratio of 6.35 and a beta of 0.61. The firm's 50-day moving average price is $28.49 and its 200 day moving average price is $28.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.34.
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 (EPS) for the quarter, topping 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 company had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
HMC has been the topic of a number of analyst reports. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th.
View Our Latest Stock Report on HMC
Honda Motor Company Profile
(
Free Report)
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.
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