Ethic Inc. Trims Stock Position in Honda Motor Co., Ltd. $HMC

Key Points

• Ethic Inc. has reduced its holdings in Honda Motor Co., Ltd. by 22.7%, selling 34,299 shares during the first quarter, leaving them with 117,073 shares valued at $3,138,000.
• Several institutional investors have increased their positions in Honda Motor, with Equity Investment Corp raising their stake by 4.6% and Northern Trust Corp significantly increasing their holdings by 69.9% in the last quarter.
• Honda Motor recently reported earnings of $0.97 per share, exceeding analysts' expectations of $0.51, alongside revenues of $36.22 billion compared to estimates of $36.04 billion.

Ethic Inc. reduced its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 22.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,073 shares of the company's stock after selling 34,299 shares during the period. Ethic Inc.'s holdings in Honda Motor were worth $3,138,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after acquiring an additional 902 shares in the last quarter. Rothschild Investment LLC grew its stake in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after acquiring an additional 417 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Honda Motor during the first quarter valued at approximately $56,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Honda Motor by 1,166.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock valued at $61,000 after purchasing an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after purchasing an additional 947 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HMC shares. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".

Honda Motor Price Performance

Shares of NYSE HMC traded up $0.6350 during trading on Friday, hitting $34.5550. The company had a trading volume of 466,299 shares, compared to its average volume of 1,077,021. The stock has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $29.63. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.70. The firm has a market capitalization of $53.94 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.

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