Cresset Asset Management LLC Sells 44,653 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Cresset Asset Management LLC cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 69.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,471 shares of the company's stock after selling 44,653 shares during the quarter. Cresset Asset Management LLC's holdings in Honda Motor were worth $556,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Asset Planning Inc purchased a new position in shares of Honda Motor in the 4th quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Honda Motor in the fourth quarter worth approximately $26,000. R Squared Ltd purchased a new stake in Honda Motor during the 4th quarter valued at $30,000. Manchester Capital Management LLC purchased a new position in shares of Honda Motor in the fourth quarter worth approximately $40,000. Finally, National Bank of Canada FI increased its holdings in Honda Motor by 277.7% during the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company's stock valued at $52,000 after buying an additional 1,330 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HMC has been the subject of a number of recent research reports. StockNews.com downgraded shares of Honda Motor from a "buy" rating to a "hold" rating in a research report on Wednesday. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating for the company.

Honda Motor Price Performance

Shares of NYSE HMC traded up $0.34 during mid-day trading on Friday, hitting $29.16. 638,583 shares of the company's stock traded hands, compared to its average volume of 1,074,249. The company has a market capitalization of $45.51 billion, a P/E ratio of 6.78 and a beta of 0.55. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The company's 50-day moving average is $28.96 and its two-hundred day moving average is $28.04.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.25 billion during the quarter, compared to analysts' expectations of $5,371.99 billion. On average, equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.