Honda Motor Co., Ltd. $HMC Position Reduced by US Bancorp DE

US Bancorp DE trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 15.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,633 shares of the company’s stock after selling 12,487 shares during the quarter. US Bancorp DE’s holdings in Honda Motor were worth $2,008,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HMC. Bessemer Group Inc. lifted its position in shares of Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock worth $30,000 after buying an additional 902 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Honda Motor in the 2nd quarter worth about $36,000. Rossby Financial LCC bought a new position in shares of Honda Motor in the 1st quarter worth about $56,000. Geneos Wealth Management Inc. lifted its position in shares of Honda Motor by 121.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after buying an additional 1,161 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Honda Motor by 1,166.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company’s stock worth $61,000 after buying an additional 2,077 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, September 1st. Macquarie downgraded shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honda Motor in a report on Tuesday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Honda Motor presently has an average rating of “Reduce”.

Honda Motor Stock Performance

NYSE:HMC opened at $30.78 on Thursday. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.89. The company has a 50-day moving average of $33.00 and a 200-day moving average of $30.81. The firm has a market cap of $48.04 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. The company had revenue of $36.22 billion during the quarter, compared to analysts’ expectations of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor Profile

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.