Rhumbline Advisers Decreases Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Rhumbline Advisers trimmed its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,404 shares of the company’s stock after selling 6,371 shares during the quarter. Rhumbline Advisers’ holdings in Honda Motor were worth $933,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Honda Motor during the fourth quarter valued at about $26,000. Rothschild Investment LLC increased its holdings in shares of Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after acquiring an additional 417 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Honda Motor by 277.7% during the fourth quarter. National Bank of Canada FI now owns 1,809 shares of the company’s stock valued at $52,000 after acquiring an additional 1,330 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Honda Motor by 70.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock valued at $53,000 after acquiring an additional 770 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Honda Motor by 14.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company’s stock valued at $117,000 after acquiring an additional 507 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HMC. Sanford C. Bernstein began coverage on shares of Honda Motor in a report on Monday, April 14th. They set a “market perform” rating on the stock. Dbs Bank downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday, May 24th.

Honda Motor Stock Performance

HMC opened at $29.15 on Friday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $33.72. The company has a current ratio of 1.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $45.50 billion, a PE ratio of 8.35 and a beta of 0.51. The firm has a 50 day moving average of $29.70 and a two-hundred day moving average of $28.47.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). The business had revenue of $36.25 billion for the quarter, compared to analysts’ expectations of $5,371.99 billion. Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. On average, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS 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.