BB&T Securities LLC Lowers Stake in Honda Motor Company, Ltd. (HMC)

BB&T Securities LLC lowered its position in Honda Motor Company, Ltd. (NYSE:HMC) by 61.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,705 shares of the company’s stock after selling 14,087 shares during the period. BB&T Securities LLC’s holdings in Honda Motor were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of Honda Motor by 20.6% in the 1st quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after buying an additional 566,685 shares during the last quarter. Equity Investment Corp Acquisition Inc grew its position in shares of Honda Motor by 4.0% in the 1st quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock worth $88,651,000 after buying an additional 112,781 shares during the last quarter. Mondrian Investment Partners LTD grew its position in shares of Honda Motor by 26.4% in the 2nd quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after buying an additional 449,345 shares during the last quarter. Bank of America Corp DE grew its position in shares of Honda Motor by 2.9% in the 1st quarter. Bank of America Corp DE now owns 1,259,712 shares of the company’s stock worth $38,119,000 after buying an additional 35,621 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. grew its position in shares of Honda Motor by 4.6% in the 1st quarter. Schafer Cullen Capital Management Inc. now owns 1,239,032 shares of the company’s stock worth $37,493,000 after buying an additional 54,594 shares during the last quarter. 2.58% of the stock is currently owned by hedge funds and other institutional investors.

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Honda Motor Company, Ltd. (NYSE HMC) traded up 0.61% during mid-day trading on Friday, hitting $29.91. 368,013 shares of the stock traded hands. Honda Motor Company, Ltd. has a 12-month low of $27.05 and a 12-month high of $32.17. The company has a 50 day moving average of $28.23 and a 200-day moving average of $28.54. The stock has a market cap of $53.91 billion, a PE ratio of 9.03 and a beta of 1.01.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $3,713 billion for the quarter, compared to analyst estimates of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $96.93 earnings per share. Equities research analysts forecast that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current year.

Several research firms have weighed in on HMC. BidaskClub downgraded shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $35.00 target price on shares of Honda Motor and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Instinet raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Nomura raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Honda Motor currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Honda Motor Profile

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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