Honda Motor Co., Ltd. $HMC Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 4.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 76,783 shares of the company’s stock after selling 3,344 shares during the quarter. Foster & Motley Inc.’s holdings in Honda Motor were worth $2,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HMC. Hazlett Burt & Watson Inc. grew its position in Honda Motor by 1,105.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after buying an additional 873 shares during the last quarter. Bessemer Group Inc. grew its position in Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock worth $30,000 after buying an additional 902 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Honda Motor in the second quarter worth approximately $36,000. Trust Co. of Toledo NA OH acquired a new position in Honda Motor in the second quarter worth approximately $46,000. Finally, Rossby Financial LCC acquired a new position in Honda Motor in the first quarter worth approximately $56,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HMC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, September 1st. Finally, Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Honda Motor presently has a consensus rating of “Reduce”.

Honda Motor Trading Up 0.7%

Shares of NYSE:HMC opened at $30.82 on Friday. The firm has a fifty day moving average of $32.95 and a two-hundred day moving average of $30.88. The firm has a market capitalization of $48.11 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.89. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.46. The company had revenue of $36.22 billion during the quarter, compared to analyst estimates 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 expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

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.