Optas LLC Sells 2,201 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Optas LLC trimmed its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,445 shares of the company’s stock after selling 2,201 shares during the quarter. Optas LLC’s holdings in Honda Motor were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HMC. Murphy & Mullick Capital Management Corp acquired a new position in Honda Motor in the fourth quarter valued at approximately $26,000. Rothschild Investment LLC increased its stake in shares of Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after acquiring an additional 417 shares in the last quarter. Manchester Capital Management LLC acquired a new position in shares of Honda Motor during the 4th quarter valued at $40,000. National Bank of Canada FI boosted its stake in Honda Motor by 277.7% during the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock worth $52,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after purchasing an additional 770 shares during the period. Institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HMC shares. Wall Street Zen downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Sanford C. Bernstein initiated coverage on Honda Motor in a research report on Monday, April 14th. They issued a “market perform” rating for the company. Finally, Dbs Bank downgraded Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th.

Honda Motor Price Performance

Shares of HMC opened at $29.11 on Monday. The business’s fifty day moving average is $29.44 and its 200 day moving average is $28.38. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $33.72. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market cap of $45.44 billion, a P/E ratio of 6.77 and a beta of 0.51.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.