Graham Capital Management L.P. Sells 8,780 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Graham Capital Management L.P. decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,661 shares of the company’s stock after selling 8,780 shares during the period. Graham Capital Management L.P.’s holdings in Honda Motor were worth $2,017,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HMC. Wilmington Savings Fund Society FSB bought a new stake in shares of Honda Motor in the third quarter worth $36,000. JPMorgan Chase & Co. grew its holdings in shares of Honda Motor by 22.8% in the third quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock worth $1,832,000 after acquiring an additional 10,720 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Honda Motor by 10.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,811 shares of the company’s stock worth $366,000 after acquiring an additional 1,200 shares during the period. Persium Advisors LLC bought a new stake in shares of Honda Motor in the fourth quarter worth $628,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Honda Motor in the fourth quarter worth $4,772,000. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

HMC has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Honda Motor in a report on Monday, April 14th. They issued a “market perform” rating for the company. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Honda Motor Price Performance

NYSE HMC opened at $30.45 on Monday. The company has a market capitalization of $47.53 billion, a PE 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 fifty day moving average is $28.90 and its 200 day moving average is $28.06. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.06.

Honda Motor (NYSE:HMC) last released its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor 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.