Natixis Advisors LLC Decreases Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Natixis Advisors LLC cut its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,751 shares of the company's stock after selling 59,877 shares during the period. Natixis Advisors LLC's holdings in Honda Motor were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of Honda Motor by 0.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after purchasing an additional 401 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Honda Motor by 8.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company's stock valued at $162,000 after purchasing an additional 445 shares in the last quarter. Rhumbline Advisers lifted its holdings in Honda Motor by 1.1% during the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock worth $1,164,000 after buying an additional 457 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 507 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Honda Motor by 8.2% in the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company's stock valued at $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.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

Honda Motor Stock Performance

Shares of NYSE HMC traded down $0.04 during mid-day trading on Monday, hitting $30.00. 419,446 shares of the company were exchanged, compared to its average volume of 1,011,400. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $46.82 billion, a price-to-earnings ratio of 6.97 and a beta of 0.61. The stock has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $28.82. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.44.

Honda Motor (NYSE:HMC - Get Free Report) last issued 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 the consensus estimate of $35.31 billion. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.