Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department trimmed its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 37.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,008 shares of the company's stock after selling 23,800 shares during the quarter. Trustmark National Bank Trust Department's holdings in Honda Motor were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Honda Motor during the 3rd quarter worth about $398,000. Advisors Asset Management Inc. raised its position in shares of Honda Motor by 42.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,532 shares of the company's stock worth $683,000 after buying an additional 6,465 shares in the last quarter. Pathstone Holdings LLC lifted its position in Honda Motor by 1.9% in the third quarter. Pathstone Holdings LLC now owns 62,832 shares of the company's stock worth $1,994,000 after purchasing an additional 1,200 shares during the period. LMR Partners LLP acquired a new stake in Honda Motor during the 3rd quarter valued at $328,000. Finally, Equity Investment Corp lifted its position in shares of Honda Motor by 1.8% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company's stock worth $66,557,000 after purchasing an additional 36,221 shares in the last quarter. Institutional investors own 5.32% of the company's stock.

Honda Motor Stock Up 1.7 %

HMC stock traded up $0.43 during midday trading on Friday, hitting $26.67. The company's stock had a trading volume of 971,871 shares, compared to its average volume of 906,869. The firm has a market capitalization of $45.61 billion, a P/E ratio of 6.58, a PEG ratio of 2.70 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 52-week low of $25.57 and a 52-week high of $37.90. The firm has a 50-day simple moving average of $30.22 and a 200-day simple moving average of $31.46.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.43). The business had revenue of $36.24 billion for the quarter, compared to analysts' expectations of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Honda Motor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd.

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.