US Bancorp DE decreased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 38.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 104,780 shares of the company's stock after selling 64,634 shares during the quarter. US Bancorp DE's holdings in Honda Motor were worth $3,325,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Seven Eight Capital LP bought a new position in shares of Honda Motor during the 1st quarter worth about $1,509,000. Cubist Systematic Strategies LLC acquired a new stake in Honda Motor during the second quarter valued at approximately $3,595,000. Park Avenue Securities LLC grew its stake in shares of Honda Motor by 76.4% in the 3rd quarter. Park Avenue Securities LLC now owns 41,358 shares of the company's stock valued at $1,312,000 after purchasing an additional 17,908 shares during the period. Blue Trust Inc. raised its holdings in shares of Honda Motor by 179.6% in the 2nd quarter. Blue Trust Inc. now owns 3,476 shares of the company's stock worth $112,000 after buying an additional 2,233 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company's stock valued at $6,105,000 after buying an additional 184,057 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.
Honda Motor Price Performance
NYSE:HMC traded down $2.43 on Wednesday, reaching $27.87. The stock had a trading volume of 3,846,798 shares, compared to its average volume of 893,337. The company has a market capitalization of $47.67 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. The stock has a fifty day moving average price of $31.62 and a 200-day moving average price of $32.13. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. Honda Motor Co., Ltd. has a 1-year low of $27.27 and a 1-year high of $37.90.
Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Research analysts forecast that Honda Motor Co., Ltd. will post 4.6 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Saturday.
Check Out Our Latest Report on Honda Motor
About Honda Motor
(
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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