Heritage Investors Management Corp Sells 14,770 Shares of Honda Motor Co Ltd (NYSE:HMC)

Heritage Investors Management Corp lessened its holdings in Honda Motor Co Ltd (NYSE:HMC) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,506 shares of the company’s stock after selling 14,770 shares during the quarter. Heritage Investors Management Corp’s holdings in Honda Motor were worth $1,713,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Manning & Napier Group LLC boosted its position in Honda Motor by 18.6% during the 4th quarter. Manning & Napier Group LLC now owns 248,085 shares of the company’s stock worth $7,022,000 after acquiring an additional 38,963 shares during the last quarter. Accurate Investment Solutions Inc. acquired a new position in Honda Motor during the 4th quarter worth approximately $146,000. Millennium Management LLC boosted its position in Honda Motor by 7.7% during the 3rd quarter. Millennium Management LLC now owns 464,749 shares of the company’s stock worth $12,120,000 after acquiring an additional 33,146 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Honda Motor by 57.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 58,632 shares of the company’s stock worth $1,529,000 after acquiring an additional 21,315 shares during the last quarter. Finally, Quantum Capital Management acquired a new position in Honda Motor during the 3rd quarter worth approximately $143,000. 2.22% of the stock is currently owned by hedge funds and other institutional investors.

HMC has been the subject of a number of recent research reports. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a research report on Tuesday, November 12th. ValuEngine downgraded Honda Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold”.

NYSE HMC opened at $27.88 on Wednesday. The company has a market cap of $49.28 billion, a PE ratio of 8.94, a PEG ratio of 1.19 and a beta of 1.08. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. Honda Motor Co Ltd has a 12 month low of $22.87 and a 12 month high of $30.12. The stock has a 50 day moving average of $28.54 and a 200-day moving average of $26.64.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Friday, November 8th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $34.76 billion during the quarter, compared to the consensus estimate of $34.29 billion. Honda Motor had a return on equity of 6.14% and a net margin of 3.34%. As a group, sell-side analysts predict that Honda Motor Co Ltd will post 3.12 EPS for the current fiscal year.

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.

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

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