Legacy Capital Group California Inc. Has $307,000 Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Legacy Capital Group California Inc. decreased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 47.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,684 shares of the company’s stock after selling 8,835 shares during the period. Legacy Capital Group California Inc.’s holdings in Honda Motor were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after purchasing an additional 184,057 shares during the last quarter. Signaturefd LLC grew its stake in Honda Motor by 13.6% in the 3rd quarter. Signaturefd LLC now owns 44,938 shares of the company’s stock valued at $1,426,000 after buying an additional 5,376 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Honda Motor by 9.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,406 shares of the company’s stock worth $711,000 after acquiring an additional 1,966 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Honda Motor by 29.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock worth $413,000 after acquiring an additional 2,935 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after acquiring an additional 18,134 shares during the period. 5.32% of the stock is owned by institutional investors.

Honda Motor Price Performance

Shares of HMC stock opened at $30.24 on Friday. Honda Motor Co., Ltd. has a 12 month low of $27.69 and a 12 month high of $37.90. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $31.88 and a 200-day moving average of $32.47.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.19 by $0.38. The firm had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. Research analysts predict that Honda Motor Co., Ltd. will post 4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.