Honda Motor Co., Ltd. $HMC Stock Holdings Cut by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 48.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,438 shares of the company’s stock after selling 15,399 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Honda Motor were worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HMC. Donald Smith & CO. Inc. bought a new stake in shares of Honda Motor during the second quarter worth $109,593,000. Bank of America Corp DE boosted its holdings in shares of Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock valued at $68,917,000 after acquiring an additional 99,301 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Honda Motor by 35.2% during the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after acquiring an additional 691,165 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Honda Motor by 16.5% during the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after acquiring an additional 197,431 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Honda Motor by 13.4% during the 1st quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after acquiring an additional 47,382 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

HMC has been the subject of a number of recent research reports. Weiss Ratings raised Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. BNP Paribas Exane started coverage on Honda Motor in a research note on Friday, September 18th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Wall Street Zen upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Honda Motor Trading Down 1.2%

Shares of NYSE HMC opened at $34.17 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.64. The firm has a 50 day moving average price of $32.49 and a two-hundred day moving average price of $28.86. The stock has a market cap of $53.34 billion, a P/E ratio of -48.82 and a beta of 0.46.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The firm had revenue of $37.27 billion during the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post 2.25 EPS for the current year.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.