Grantham Mayo Van Otterloo & Co. LLC Has $44.19 Million Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547,694 shares of the company’s stock after selling 326,480 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.10% of Honda Motor worth $44,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Honda Motor in the fourth quarter worth approximately $11,909,000. XY Capital Ltd purchased a new stake in Honda Motor in the 4th quarter valued at $1,294,000. Hedges Asset Management LLC lifted its stake in Honda Motor by 91.8% during the 4th quarter. Hedges Asset Management LLC now owns 28,000 shares of the company’s stock valued at $799,000 after acquiring an additional 13,400 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Honda Motor during the 4th quarter worth $3,964,000. Finally, Persium Advisors LLC bought a new stake in shares of Honda Motor in the 4th quarter worth $628,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Down 5.0 %

HMC stock opened at $25.02 on Friday. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.34. The stock has a market cap of $39.05 billion, a P/E ratio of 5.82 and a beta of 0.57. The stock’s fifty day simple moving average is $28.29 and its two-hundred day simple moving average is $28.60. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Wall Street Analysts Forecast Growth

HMC has been the topic of a number of recent analyst reports. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.