Janney Montgomery Scott LLC Cuts Stock Holdings in Honda Motor Co., Ltd. $HMC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Honda Motor Co., Ltd. by 29.2% in the second quarter, holding 45,002 shares valued at approximately $1.3 million after selling 18,554 shares during the quarter.
• Other institutional investors, such as Bessemer Group and Caitong International Asset Management, significantly increased their positions in Honda, with Bessemer lifting its holdings by 460.2% in the first quarter.
• Honda Motor's stock has experienced a yearly range between $23.41 and $34.89, while its latest earnings report showed an EPS of $0.97, exceeding analyst expectations of $0.51.

Janney Montgomery Scott LLC lessened its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,002 shares of the company's stock after selling 18,554 shares during the quarter. Janney Montgomery Scott LLC's holdings in Honda Motor were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings 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 worth $30,000 after acquiring an additional 902 shares during the last quarter. Rossby Financial LCC bought a new stake in Honda Motor during the 1st quarter valued at about $56,000. Geneos Wealth Management Inc. lifted its holdings in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company's stock valued at $57,000 after buying an additional 1,161 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Honda Motor by 1,166.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock valued at $61,000 after buying an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Honda Motor by 50.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after buying an additional 947 shares in the last quarter. Institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $29.83 on Monday. The company's fifty day moving average price is $33.09 and its 200 day moving average price is $30.79. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.89. The company has a market capitalization of $46.55 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) 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 firm had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. On average, research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HMC shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Honda Motor in a report on Saturday, September 27th. Zacks Research lowered shares of Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Macquarie lowered 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. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce".

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.

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