Mercer Global Advisors Inc. ADV Has $2.94 Million Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Mercer Global Advisors Inc. ADV decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,098 shares of the company's stock after selling 80,703 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Honda Motor were worth $2,943,000 as of its most recent filing with the SEC.

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

Honda Motor Price Performance

Shares of NYSE HMC traded up $0.22 during trading on Friday, hitting $30.45. The company had a trading volume of 394,330 shares, compared to its average volume of 1,067,216. The company has a market cap of $47.53 billion, a P/E ratio of 7.08 and a beta of 0.55. 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's 50-day moving average is $28.90 and its 200 day moving average is $28.09. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.55.

Honda Motor (NYSE:HMC - Get Free Report) last announced its 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 company had revenue of $36.31 billion during 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%. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HMC. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein initiated coverage on Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company.

About Honda Motor

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.