Allspring Global Investments Holdings LLC Reduces Stake in Honda Motor Co., Ltd. $HMC

Allspring Global Investments Holdings LLC reduced its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,315 shares of the company’s stock after selling 328 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Honda Motor were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Equity Investment Corp lifted its stake in shares of Honda Motor by 4.6% during the 1st quarter. Equity Investment Corp now owns 2,198,541 shares of the company’s stock valued at $59,646,000 after buying an additional 96,230 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Honda Motor by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,110,812 shares of the company’s stock valued at $30,136,000 after buying an additional 11,114 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Honda Motor by 5.8% during the 1st quarter. American Century Companies Inc. now owns 529,249 shares of the company’s stock valued at $14,359,000 after buying an additional 29,152 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Honda Motor by 4.5% during the 1st quarter. Raymond James Financial Inc. now owns 435,783 shares of the company’s stock valued at $11,823,000 after buying an additional 18,667 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Honda Motor by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 417,053 shares of the company’s stock valued at $11,315,000 after buying an additional 7,305 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $31.53 on Friday. The company’s fifty day moving average price is $32.78 and its 200-day moving average price is $31.09. The firm has a market capitalization of $49.21 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.05 and a beta of 0.48. 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 current ratio of 1.30 and a quick ratio of 1.01.

Honda Motor (NYSE:HMC) last released its 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 company had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. On average, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HMC. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Honda Motor has an average rating of “Hold”.

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.