Hedges Asset Management LLC Has $480,000 Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Hedges Asset Management LLC decreased its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 36.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm 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 large investors have also recently added to or reduced their stakes in HMC. Arrowstreet Capital Limited Partnership acquired a new position in Honda Motor in the 4th quarter valued at approximately $23,272,000. Northern Trust Corp increased its stake in Honda Motor by 69.9% in the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after buying an additional 452,624 shares during the period. Raymond James Financial Inc. acquired a new position in Honda Motor in the 4th quarter valued at approximately $11,909,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Honda Motor by 153.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after buying an additional 404,883 shares during the period. Finally, Tiger Pacific Capital LP acquired a new position in Honda Motor in the 4th quarter valued at approximately $8,225,000. Institutional investors and hedge funds own 5.32% of the company's stock.

Honda Motor Stock Down 2.8%

Shares of HMC traded down $0.84 during mid-day trading on Monday, hitting $28.86. 1,104,776 shares of the company's stock were exchanged, compared to its average volume of 1,073,515. The firm has a fifty day moving average of $29.72 and a two-hundred day moving average of $28.63. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $33.72. The stock has a market cap of $45.05 billion, a price-to-earnings ratio of 8.27 and a beta of 0.51. The company has a quick ratio of 1.07, a current ratio of 1.36 and a debt-to-equity ratio of 0.55.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein started coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. Finally, Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Honda Motor currently has an average rating of "Hold".

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.