Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 16.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,939 shares of the company's stock after selling 23,972 shares during the period. Ritholtz Wealth Management's holdings in Honda Motor were worth $3,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. RFP Financial Group LLC lifted its position in Honda Motor by 91.3% in the first quarter. RFP Financial Group LLC now owns 662 shares of the company's stock valued at $25,000 after buying an additional 316 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Honda Motor during the 1st quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in Honda Motor in the 2nd quarter valued at approximately $28,000. LRI Investments LLC raised its position in Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company's stock valued at $29,000 after purchasing an additional 834 shares during the period. Finally, Family Firm Inc. acquired a new position in Honda Motor during the second quarter worth $35,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Down 0.4 %

Shares of HMC stock traded down $0.13 during trading on Friday, reaching $31.69. The company's stock had a trading volume of 358,231 shares, compared to its average volume of 899,829. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 2.76 and a beta of 0.67. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The stock's 50-day moving average price is $31.71 and its 200 day moving average price is $32.78.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to analysts' expectations of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 4.6 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Honda Motor from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 11th.

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.