Corient Private Wealth LLC lowered its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,720 shares of the company's stock after selling 8,486 shares during the quarter. Corient Private Wealth LLC's holdings in Honda Motor were worth $1,534,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc acquired a new position in shares of Honda Motor during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in Honda Motor during the fourth quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Honda Motor during the third quarter worth approximately $36,000. Manchester Capital Management LLC acquired a new position in shares of Honda Motor in the 4th quarter valued at $40,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock valued at $53,000 after buying an additional 770 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on HMC shares. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th.
Get Our Latest Research Report on Honda Motor
Honda Motor Trading Down 5.2 %
HMC stock traded down $1.49 during midday trading on Friday, reaching $27.29. 1,605,845 shares of the company's stock traded hands, compared to its average volume of 1,048,041. 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 fifty-two week low of $23.41 and a fifty-two week high of $37.34. The business has a 50-day moving average price of $28.49 and a two-hundred day moving average price of $28.75. The company has a market capitalization of $42.59 billion, a P/E ratio of 6.35 and a beta of 0.61.
Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.
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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