Sequoia Financial Advisors LLC Reduces Position in Honda Motor Co., Ltd. (NYSE:HMC)

Sequoia Financial Advisors LLC reduced its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,320 shares of the company’s stock after selling 3,086 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Honda Motor were worth $552,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Atria Investments Inc boosted its stake in shares of Honda Motor by 7.9% during the 3rd quarter. Atria Investments Inc now owns 9,075 shares of the company’s stock worth $288,000 after purchasing an additional 662 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Honda Motor by 6.1% during the third quarter. Natixis Advisors LLC now owns 220,628 shares of the company’s stock valued at $7,001,000 after buying an additional 12,720 shares during the period. Equity Investment Corp boosted its position in 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 acquiring an additional 36,221 shares during the last quarter. LMR Partners LLP purchased a new stake in Honda Motor in the 3rd quarter worth approximately $328,000. Finally, Pathstone Holdings LLC lifted its stake in shares of Honda Motor by 1.9% during the 3rd 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. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HMC. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Stock Performance

NYSE:HMC opened at $30.01 on Tuesday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The firm’s 50 day moving average is $28.36 and its two-hundred day moving average is $28.88. The company has a market cap of $46.83 billion, a P/E ratio of 6.98 and a beta of 0.61. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The firm had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current 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.