Trustmark National Bank Trust Department Sells 24,194 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Trustmark National Bank Trust Department lessened its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 62.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,814 shares of the company's stock after selling 24,194 shares during the quarter. Trustmark National Bank Trust Department's holdings in Honda Motor were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Planning Inc purchased a new stake in Honda Motor in the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp bought a new position in Honda Motor during the fourth quarter valued at approximately $26,000. R Squared Ltd purchased a new position in Honda Motor during the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor in the 3rd quarter worth approximately $36,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of Honda Motor during the 4th quarter worth approximately $40,000. Institutional investors own 5.32% of the company's stock.

Honda Motor Trading Up 2.2 %

HMC stock traded up $0.63 during midday trading on Friday, reaching $29.09. 1,314,651 shares of the company traded hands, compared to its average volume of 1,074,781. The firm has a market capitalization of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The business has a 50 day moving average of $28.11 and a 200-day moving average of $28.16. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.99.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HMC. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein began coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock.

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.