Honda Motor Co., Ltd. (NYSE:HMC) Stock Holdings Lessened by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 43.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,098 shares of the company's stock after selling 80,703 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Honda Motor were worth $2,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HMC. Raymond James Financial Inc. purchased a new stake in Honda Motor in the fourth quarter valued at approximately $11,909,000. OLD Mission Capital LLC acquired a new stake in shares of Honda Motor during the 4th quarter worth $3,964,000. XY Capital Ltd acquired a new stake in shares of Honda Motor during the 4th quarter worth $1,294,000. Landscape Capital Management L.L.C. raised its position in shares of Honda Motor by 347.2% in the 4th quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company's stock worth $1,603,000 after buying an additional 43,582 shares during the period. Finally, Hedges Asset Management LLC boosted its holdings in Honda Motor by 91.8% in the fourth quarter. Hedges Asset Management LLC now owns 28,000 shares of the company's stock valued at $799,000 after acquiring an additional 13,400 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Stock Up 1.7%

NYSE:HMC traded up $0.51 on Monday, reaching $30.98. The stock had a trading volume of 245,118 shares, compared to its average volume of 1,064,068. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.06. The company has a 50-day moving average of $28.90 and a 200 day moving average of $28.06. The stock has a market cap of $48.35 billion, a P/E ratio of 7.21 and a beta of 0.55.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Sanford C. Bernstein started coverage on Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

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.