Atlas Capital Advisors Inc. Sells 9,207 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Key Points

• Atlas Capital Advisors Inc. has reduced its stake in Honda Motor Co., Ltd. by 52.1%, selling 9,207 shares and now holding 8,457 shares worth $229,000.
• Several large investors have recently increased their positions in Honda Motor, with Bessemer Group Inc. raising its stake by 460.2% to own 1,098 shares.
• Honda Motor's stock opened at $32.57 and has a market capitalization of $50.84 billion, with analysts still projecting a modest earnings per share for the year at 3.99.

Atlas Capital Advisors Inc. trimmed its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 52.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,457 shares of the company's stock after selling 9,207 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Honda Motor were worth $229,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Honda Motor by 39.5% during the fourth quarter. LPL Financial LLC now owns 78,703 shares of the company's stock valued at $2,247,000 after buying an additional 22,274 shares during the period. JPMorgan Chase & Co. grew its position in shares of Honda Motor by 46.6% during the fourth quarter. JPMorgan Chase & Co. now owns 84,656 shares of the company's stock worth $2,417,000 after purchasing an additional 26,917 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Honda Motor by 5.9% during the fourth quarter. Alliancebernstein L.P. now owns 48,846 shares of the company's stock worth $1,395,000 after purchasing an additional 2,717 shares in the last quarter. National Bank of Canada FI grew its holdings in Honda Motor by 277.7% during the 4th 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Honda Motor by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 195,577 shares of the company's stock worth $5,584,000 after acquiring an additional 28,120 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HMC shares. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Honda Motor Stock Up 0.5%

HMC stock traded up $0.16 on Friday, hitting $33.41. 237,698 shares of the company's stock were exchanged, compared to its average volume of 1,086,258. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The firm has a 50 day moving average price of $30.67 and a two-hundred day moving average price of $29.43. The stock has a market cap of $52.14 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.52. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.51.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. The business had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.