Cetera Investment Advisers Sells 29,224 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Cetera Investment Advisers cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,977 shares of the company's stock after selling 29,224 shares during the quarter. Cetera Investment Advisers' holdings in Honda Motor were worth $856,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC boosted its position in Honda Motor by 2.1% in 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. Oppenheimer Asset Management Inc. raised its stake in Honda Motor by 0.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after purchasing an additional 401 shares during the last quarter. Rhumbline Advisers grew its holdings in Honda Motor by 1.1% in the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock valued at $1,164,000 after buying an additional 457 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Honda Motor by 14.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock valued at $117,000 after buying an additional 507 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock worth $53,000 after purchasing an additional 770 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

Shares of NYSE:HMC traded up $0.31 on Tuesday, hitting $29.81. The company had a trading volume of 642,267 shares, compared to its average volume of 1,069,116. The business has a 50 day moving average of $28.95 and a 200 day moving average of $28.05. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $33.96. The company has a market cap of $46.53 billion, a PE ratio of 6.93 and a beta of 0.54. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). The firm had revenue of $36.25 billion during the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on HMC shares. Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein started 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 lowered Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday.

Honda Motor 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.