Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC reduced its stake in Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) by 21.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,400 shares of the company’s stock after selling 2,520 shares during the quarter. RNC Capital Management LLC’s holdings in Honda Motor were worth $215,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HMC. Richard P Slaughter Associates Inc boosted its position in shares of Honda Motor by 11.8% in the fourth quarter. Richard P Slaughter Associates Inc now owns 49,867 shares of the company’s stock worth $1,140,000 after buying an additional 5,282 shares during the period. Value Partners Investments Inc. lifted its position in Honda Motor by 11.0% during the 4th quarter. Value Partners Investments Inc. now owns 235,000 shares of the company’s stock worth $5,374,000 after acquiring an additional 23,200 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Honda Motor by 21.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 74,398 shares of the company’s stock worth $1,606,000 after acquiring an additional 13,352 shares during the period. Centaurus Financial Inc. acquired a new stake in Honda Motor in the third quarter valued at approximately $110,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Honda Motor during the third quarter valued at approximately $13,356,000. 5.48% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

Shares of HMC opened at $24.93 on Friday. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.29 and a beta of 0.75. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $25.06 and its two-hundred day moving average is $24.07. Honda Motor Co., Ltd. has a 52-week low of $21.43 and a 52-week high of $29.19.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HMC. StockNews.com assumed coverage on shares of Honda Motor in a research note on Thursday. They issued a “strong-buy” rating for the company. TheStreet upgraded shares of Honda Motor from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st. Finally, JPMorgan Chase & Co. upgraded Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 28th.

Honda Motor Profile

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Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.