Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 42.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,891 shares of the company’s stock after selling 32,635 shares during the period. HighTower Advisors LLC’s holdings in Honda Motor were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Honda Motor by 5.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 48,941 shares of the company’s stock worth $1,397,000 after purchasing an additional 2,634 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Honda Motor during the 4th quarter worth $2,332,000. Callan Family Office LLC purchased a new stake in shares of Honda Motor in the 4th quarter valued at approximately $654,000. Raymond James Financial Inc. purchased a new position in shares of Honda Motor during the fourth quarter worth $11,909,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Honda Motor during the fourth quarter worth about $572,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Honda Motor Price Performance

Shares of HMC opened at $30.13 on Wednesday. The firm has a fifty day moving average price of $28.47 and a 200 day moving average price of $28.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.37. The stock has a market cap of $47.03 billion, a PE ratio of 7.01 and a beta of 0.61.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS 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.