Honda Motor Co., Ltd. $HMC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 34.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,802 shares of the company’s stock after selling 17,617 shares during the quarter. HighTower Advisors LLC’s holdings in Honda Motor were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kintra Wealth LLC purchased a new stake in Honda Motor during the 2nd quarter worth approximately $198,000. XY Capital Ltd purchased a new position in shares of Honda Motor in the second quarter valued at approximately $7,032,000. Plan A Wealth LLC lifted its position in shares of Honda Motor by 12.5% in the second quarter. Plan A Wealth LLC now owns 24,460 shares of the company’s stock valued at $663,000 after acquiring an additional 2,713 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Honda Motor by 674.5% in the second quarter. TD Waterhouse Canada Inc. now owns 4,593 shares of the company’s stock worth $125,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Honda Motor in the second quarter worth approximately $219,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HMC shares. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of Honda Motor in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

Honda Motor Trading Up 0.0%

Shares of Honda Motor stock opened at $32.52 on Tuesday. The stock has a 50 day moving average of $30.60 and a 200 day moving average of $27.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of -46.46 and a beta of 0.44. Honda Motor Co., Ltd. has a fifty-two week low of $23.25 and a fifty-two week high of $34.44.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. As a group, research analysts predict that Honda Motor Co., Ltd. will post 2.11 earnings per share for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.