Ethic Inc. Has $3.14 Million Holdings 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. lowered its position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 22.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 117,073 shares of the company's stock after selling 34,299 shares during the quarter. Ethic Inc.'s holdings in Honda Motor were worth $3,138,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. grew its stake in shares of Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after buying an additional 902 shares during the period. Rothschild Investment LLC lifted its holdings 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 buying an additional 417 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Honda Motor in the 1st quarter valued at about $56,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Honda Motor by 1,166.9% in the 1st 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 raised its stake in shares of Honda Motor by 50.7% in the 1st 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. Institutional investors and hedge funds own 5.32% of the company's stock.

Analysts Set New Price Targets

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

Honda Motor Price Performance

HMC stock traded down $0.6250 during trading on Thursday, hitting $33.8950. 520,766 shares of the stock traded hands, compared to its average volume of 1,080,577. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.70. The stock has a market cap of $52.91 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.02 and a beta of 0.52. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $31.05 and a 200 day simple moving average of $29.58.

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