Callan Family Office LLC Sells 11,762 Shares of Honda Motor Co., Ltd. $HMC

Key Points

• Callan Family Office LLC reduced its stake in Honda Motor by 51.4% in the first quarter, owning 11,143 shares valued at $302,000 after selling 11,762 shares.
• Analysts have mixed ratings for Honda Motor, with Dbs Bank downgrading it to a "hold" while Wall Street Zen upgraded it to a "hold"; the consensus rating remains a "Hold."
• Honda Motor reported $0.97 earnings per share (EPS) for the quarter, surpassing analyst expectations, and anticipates an EPS of 3.99 for the current fiscal year.

Callan Family Office LLC lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 51.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,143 shares of the company's stock after selling 11,762 shares during the period. Callan Family Office LLC's holdings in Honda Motor were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Honda Motor by 46.6% during the fourth quarter. JPMorgan Chase & Co. now owns 84,656 shares of the company's stock worth $2,417,000 after buying an additional 26,917 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Honda Motor by 5.9% in the 4th quarter. Alliancebernstein L.P. now owns 48,846 shares of the company's stock valued at $1,395,000 after purchasing an additional 2,717 shares during the period. Wells Fargo & Company MN grew its position in Honda Motor by 16.8% in the 4th quarter. Wells Fargo & Company MN now owns 195,577 shares of the company's stock worth $5,584,000 after purchasing an additional 28,120 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Honda Motor by 216.7% during the 4th quarter. Russell Investments Group Ltd. now owns 40,504 shares of the company's stock worth $1,156,000 after purchasing an additional 27,713 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Honda Motor by 3.2% during the fourth quarter. Cerity Partners LLC now owns 55,203 shares of the company's stock valued at $1,645,000 after buying an additional 1,691 shares during the last quarter. Institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

NYSE HMC traded up $0.0950 on Tuesday, hitting $34.0750. 257,650 shares of the company were exchanged, compared to its average volume of 1,081,360. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.51. The firm has a 50 day moving average of $30.85 and a two-hundred day moving average of $29.51. 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 market cap of $53.19 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.00 and a beta of 0.52.

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. The company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. On average, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.