Ameriprise Financial Inc. Sells 9,054 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Ameriprise Financial Inc. decreased its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,615 shares of the company's stock after selling 9,054 shares during the period. Ameriprise Financial Inc.'s holdings in Honda Motor were worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HMC. Asset Planning Inc purchased a new stake in shares of Honda Motor during the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new position in Honda Motor during the 4th quarter valued at approximately $26,000. R Squared Ltd purchased a new stake in Honda Motor in the 4th quarter worth approximately $30,000. Manchester Capital Management LLC bought a new stake in shares of Honda Motor in the 4th quarter worth approximately $40,000. Finally, National Bank of Canada FI increased its stake in shares of 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 period. 5.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HMC has been the topic of several research reports. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein began coverage on Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Finally, Wall Street Zen downgraded Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

Honda Motor Stock Down 2.4%

Shares of HMC traded down $0.71 during mid-day trading on Wednesday, reaching $29.37. The company had a trading volume of 747,149 shares, compared to its average volume of 1,060,733. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The company has a market capitalization of $45.84 billion, a price-to-earnings ratio of 6.83 and a beta of 0.54. The firm has a 50-day moving average price of $29.02 and a 200 day moving average price of $28.21. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $33.72.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.25 billion for the quarter, compared to analysts' expectations of $5,371.99 billion. On average, sell-side analysts forecast 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.