Janney Montgomery Scott LLC Sells 47,559 Shares of Honda Motor Co., Ltd. $HMC

Janney Montgomery Scott LLC lowered its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 84.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,482 shares of the company’s stock after selling 47,559 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthCollab LLC boosted its position in shares of Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Honda Motor in the third quarter valued at about $26,000. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor in the second quarter valued at about $29,000. Financial Management Professionals Inc. lifted its stake in Honda Motor by 38.2% in the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after buying an additional 518 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after buying an additional 1,161 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HMC. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Honda Motor Stock Up 1.1%

Honda Motor stock opened at $31.56 on Friday. The company has a 50 day moving average of $28.37 and a 200-day moving average of $27.39. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The stock has a market capitalization of $49.26 billion, a PE ratio of -45.08 and a beta of 0.42.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The business had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 1.3 EPS for the current fiscal year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.