Trustmark National Bank Trust Department Decreases Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Trustmark National Bank Trust Department decreased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 62.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,814 shares of the company's stock after selling 24,194 shares during the period. Trustmark National Bank Trust Department's holdings in Honda Motor were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company's stock valued at $80,000 after purchasing an additional 1,150 shares during the last quarter. Stifel Financial Corp boosted its position in Honda Motor by 12.8% in the third quarter. Stifel Financial Corp now owns 95,005 shares of the company's stock valued at $3,015,000 after buying an additional 10,778 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Honda Motor by 10.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,683 shares of the company's stock worth $466,000 after buying an additional 1,388 shares during the period. M&T Bank Corp increased its holdings in Honda Motor by 8.2% in the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company's stock worth $250,000 after buying an additional 595 shares during the period. Finally, World Investment Advisors LLC purchased a new position in Honda Motor during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 5.32% of the company's stock.

Honda Motor Stock Performance

Shares of NYSE:HMC traded up $0.63 during trading on Friday, hitting $29.09. 1,314,651 shares of the stock traded hands, compared to its average volume of 1,074,036. The company has a fifty day moving average price of $28.08 and a two-hundred day moving average price of $28.23. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.99. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HMC. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on Honda Motor in a research report on Monday. They set a "market perform" rating on the stock.

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.