Ameriprise Financial Inc. Lowers Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Ameriprise Financial Inc. reduced its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,615 shares of the company's stock after selling 9,054 shares during the quarter. Ameriprise Financial Inc.'s holdings in Honda Motor were worth $1,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Westbourne Investments Inc. bought a new position in Honda Motor in the fourth quarter worth approximately $420,000. Schonfeld Strategic Advisors LLC purchased a new position in Honda Motor in the fourth quarter valued at about $1,228,000. Lido Advisors LLC lifted its position in shares of Honda Motor by 2.1% during the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after buying an additional 385 shares during the last quarter. Northern Trust Corp lifted its position in shares of Honda Motor by 69.9% during the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after buying an additional 452,624 shares during the last quarter. Finally, SIH Partners LLLP bought a new stake in shares of Honda Motor in the 4th quarter valued at about $753,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

NYSE HMC traded down $0.54 during trading hours on Wednesday, reaching $29.54. The stock had a trading volume of 179,887 shares, compared to its average volume of 1,057,784. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $33.72. The stock has a fifty day moving average of $28.98 and a 200 day moving average of $28.20. 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 stock has a market cap of $46.10 billion, a P/E ratio of 6.87 and a beta of 0.54.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $5,371.99 billion. Sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research note on Monday, April 14th. They issued a "market perform" rating for the company. Wall Street Zen lowered Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th.

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.