Advisors Asset Management Inc. Decreases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Advisors Asset Management Inc. lessened its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMCGet Rating) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,716 shares of the company’s stock after selling 4,336 shares during the period. Advisors Asset Management Inc.’s holdings in Honda Motor were worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Truist Financial Corp boosted its holdings in shares of Honda Motor by 13.1% during the 1st quarter. Truist Financial Corp now owns 20,387 shares of the company’s stock worth $576,000 after purchasing an additional 2,363 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Honda Motor by 5.3% in the 1st quarter. Kestra Advisory Services LLC now owns 12,919 shares of the company’s stock valued at $365,000 after buying an additional 647 shares in the last quarter. Signaturefd LLC increased its stake in shares of Honda Motor by 5.7% in the 1st quarter. Signaturefd LLC now owns 24,238 shares of the company’s stock worth $685,000 after acquiring an additional 1,316 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Honda Motor by 12.2% during the 1st quarter. JFS Wealth Advisors LLC now owns 3,567 shares of the company’s stock worth $101,000 after acquiring an additional 387 shares during the period. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Honda Motor during the 1st quarter valued at about $1,978,000. Institutional investors and hedge funds own 5.36% of the company’s stock.

Honda Motor Price Performance

Honda Motor stock opened at $23.54 on Thursday. The company’s 50 day moving average is $23.16 and its two-hundred day moving average is $24.63. The firm has a market cap of $40.27 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. Honda Motor Co., Ltd. has a 52-week low of $21.43 and a 52-week high of $32.15.

Analyst Ratings Changes

Several analysts have recently commented on HMC shares. StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 11th. TheStreet lowered Honda Motor from a “b-” rating to a “c+” rating in a research note on Friday, October 7th.

Honda Motor Profile

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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