Pacer Advisors Inc. Reduces Position in Honda Motor Co., Ltd. (NYSE:HMC)

Pacer Advisors Inc. lessened its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 97.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,114 shares of the company’s stock after selling 499,147 shares during the period. Pacer Advisors Inc.’s holdings in Honda Motor were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HMC. Raymond James Financial Services Advisors Inc. boosted its position in shares of Honda Motor by 131.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,333 shares of the company’s stock valued at $829,000 after buying an additional 16,669 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Honda Motor by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 54,857 shares of the company’s stock valued at $1,550,000 after buying an additional 1,300 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Honda Motor by 17.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,650 shares of the company’s stock valued at $357,000 after buying an additional 1,867 shares during the period. BlackRock Inc. boosted its holdings in shares of Honda Motor by 6.9% in the first quarter. BlackRock Inc. now owns 1,141,480 shares of the company’s stock valued at $32,258,000 after purchasing an additional 73,308 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Honda Motor by 15.2% in the first quarter. Cibc World Market Inc. now owns 138,058 shares of the company’s stock valued at $3,902,000 after purchasing an additional 18,210 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 1.4 %

Shares of NYSE HMC opened at $36.71 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.45. The firm has a market capitalization of $62.80 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.38 and a beta of 0.71. The stock has a 50 day moving average price of $35.43 and a 200 day moving average price of $33.19. Honda Motor Co., Ltd. has a 52-week low of $25.75 and a 52-week high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $36.50 billion during the quarter, compared to analyst estimates of $37.68 billion. Honda Motor had a return on equity of 8.04% and a net margin of 5.05%. Sell-side analysts expect that Honda Motor Co., Ltd. will post 4.2 earnings per share for the current 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.