Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 38.2% during the 3rd quarter, according to 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 period. US Bancorp DE’s holdings in Honda Motor were worth $3,325,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HMC. Mondrian Investment Partners LTD raised its position in shares of Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after acquiring an additional 896,048 shares during the period. Equity Investment Corp boosted its position in Honda Motor by 1.6% during the second quarter. Equity Investment Corp now owns 2,061,395 shares of the company’s stock worth $66,459,000 after purchasing an additional 33,067 shares in the last quarter. LSV Asset Management grew its holdings in Honda Motor by 2.5% in the first quarter. LSV Asset Management now owns 502,342 shares of the company’s stock valued at $18,702,000 after purchasing an additional 12,200 shares during the period. American Century Companies Inc. increased its position in shares of Honda Motor by 10.3% in the second quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock valued at $14,265,000 after buying an additional 41,216 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Honda Motor Price Performance

Honda Motor stock opened at $30.30 on Wednesday. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90. The firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 2.66 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $31.62 and a 200-day simple moving average of $32.13.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $33.75 billion. On average, equities analysts anticipate that Honda Motor Co., Ltd. will post 4.6 EPS for the current fiscal year.

Honda Motor 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.