Fifth Third Bancorp Sells 2,764 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Fifth Third Bancorp lowered its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 31.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,049 shares of the company’s stock after selling 2,764 shares during the period. Fifth Third Bancorp’s holdings in Honda Motor were worth $173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hedges Asset Management LLC grew its holdings in shares of Honda Motor by 91.8% during the fourth quarter. Hedges Asset Management LLC now owns 28,000 shares of the company’s stock worth $799,000 after purchasing an additional 13,400 shares during the last quarter. True North Advisors LLC acquired a new position in Honda Motor in the 4th quarter valued at approximately $274,000. Crossmark Global Holdings Inc. raised its stake in shares of Honda Motor by 19.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 181,431 shares of the company’s stock valued at $5,180,000 after acquiring an additional 29,108 shares during the last quarter. Royal Fund Management LLC acquired a new position in shares of Honda Motor during the fourth quarter worth $1,223,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Honda Motor in the fourth quarter worth $4,772,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

HMC has been the subject of several analyst reports. StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Trading Down 1.3 %

NYSE:HMC opened at $28.29 on Friday. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $37.90. The firm’s fifty day moving average is $27.32 and its 200-day moving average is $29.63. The firm has a market cap of $44.15 billion, a P/E ratio of 6.98 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share 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 analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Equities analysts expect that Honda Motor Co., Ltd. will post 4.02 earnings per share for the current year.

About Honda Motor

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.