Ethic Inc. Reduces Position in Honda Motor Co., Ltd. $HMC

Ethic Inc. cut its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,270 shares of the company’s stock after selling 4,803 shares during the period. Ethic Inc.’s holdings in Honda Motor were worth $3,334,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HMC. Hazlett Burt & Watson Inc. lifted its holdings in Honda Motor by 1,105.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after buying an additional 873 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 902 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Honda Motor during the 2nd quarter valued at about $36,000. Trust Co. of Toledo NA OH bought a new stake in Honda Motor during the 2nd quarter valued at about $46,000. Finally, Rossby Financial LCC bought a new stake in Honda Motor during the 1st quarter valued at about $56,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Down 0.8%

NYSE:HMC opened at $31.59 on Friday. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The firm has a market cap of $49.31 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.06 and a beta of 0.48. The firm has a 50-day simple moving average of $32.81 and a 200-day simple moving average of $31.01.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The business had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. Equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HMC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.