Hedges Asset Management LLC Sells 10,300 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Hedges Asset Management LLC lowered its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 36.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,700 shares of the company's stock after selling 10,300 shares during the period. Hedges Asset Management LLC's holdings in Honda Motor were worth $480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its position in Honda Motor by 8.4% in the first quarter. Sequoia Financial Advisors LLC now owns 20,951 shares of the company's stock worth $568,000 after acquiring an additional 1,631 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after purchasing an additional 902 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Honda Motor by 9.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 54,030 shares of the company's stock worth $1,466,000 after purchasing an additional 4,865 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Honda Motor by 36.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company's stock worth $343,000 after purchasing an additional 3,351 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Honda Motor during the first quarter worth $895,000. Institutional investors own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HMC. Wall Street Zen cut Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein assumed coverage on Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. Finally, Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Honda Motor presently has a consensus rating of "Hold".

Honda Motor Stock Up 0.8%

Honda Motor stock opened at $28.83 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $33.72. The firm has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $28.54. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 8.26 and a beta of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. The business had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current 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.

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