Fmr LLC Sells 16,400 Shares of Honda Motor Co Ltd (HMC)

Fmr LLC reduced its stake in shares of Honda Motor Co Ltd (NYSE:HMC) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,795 shares of the company’s stock after selling 16,400 shares during the quarter. Fmr LLC’s holdings in Honda Motor were worth $4,004,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HMC. Millennium Management LLC grew its stake in shares of Honda Motor by 2,933.6% during the first quarter. Millennium Management LLC now owns 710,196 shares of the company’s stock valued at $24,665,000 after buying an additional 686,785 shares during the last quarter. Aperio Group LLC grew its stake in shares of Honda Motor by 9.6% during the second quarter. Aperio Group LLC now owns 1,430,465 shares of the company’s stock valued at $41,870,000 after buying an additional 124,798 shares during the last quarter. CIBC World Markets Inc. grew its stake in shares of Honda Motor by 200.0% during the first quarter. CIBC World Markets Inc. now owns 161,471 shares of the company’s stock valued at $5,608,000 after buying an additional 107,643 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Honda Motor by 7,721.0% during the second quarter. Russell Investments Group Ltd. now owns 92,131 shares of the company’s stock valued at $2,697,000 after buying an additional 90,953 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Honda Motor by 35,460.6% during the first quarter. Assetmark Inc. now owns 76,811 shares of the company’s stock valued at $2,668,000 after buying an additional 76,595 shares during the last quarter. 2.07% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HMC opened at $27.21 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $54.49 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. Honda Motor Co Ltd has a 1 year low of $26.90 and a 1 year high of $37.29.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.19. The company had revenue of $4,024.10 billion for the quarter, compared to analysts’ expectations of $3,794.23 billion. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. Honda Motor’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $115.04 earnings per share. As a group, analysts anticipate that Honda Motor Co Ltd will post 3.55 EPS for the current fiscal year.

HMC has been the topic of a number of recent research reports. ValuEngine raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Zacks Investment Research cut Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Nomura cut Honda Motor from a “buy” rating to a “neutral” rating in a research note on Monday, July 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.50.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

Further Reading: Yield Curve

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

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