Honda Motor Co., Ltd. $HMC Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,343,158 shares of the company’s stock after selling 45,534 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of Honda Motor worth $38,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. increased its stake in Honda Motor by 1,105.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after purchasing an additional 873 shares during the last quarter. NewSquare Capital LLC grew its holdings in Honda Motor by 99.8% in the 2nd quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Honda Motor during the 2nd quarter valued at about $36,000. Trust Co. of Toledo NA OH purchased a new position in shares of Honda Motor during the 2nd quarter worth about $46,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after acquiring an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Honda Motor stock opened at $29.80 on Wednesday. The firm has a market capitalization of $46.51 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.17 and a beta of 0.38. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.89. The stock’s 50 day moving average price is $30.39 and its 200 day moving average price is $31.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. The firm had revenue of $34.71 billion for the quarter, compared to analysts’ expectations of $35.95 billion. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a report on Monday, December 1st. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus 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.