First Trust Advisors LP Trims Stock Holdings in Honda Motor Co., Ltd. $HMC

First Trust Advisors LP cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,343,158 shares of the company’s stock after selling 45,534 shares during the quarter. First Trust Advisors LP’s holdings in Honda Motor were worth $38,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HMC. EverSource Wealth Advisors LLC grew its position in shares of Honda Motor by 72.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,961 shares of the company’s stock worth $258,000 after buying an additional 3,766 shares in the last quarter. CW Advisors LLC boosted its stake in Honda Motor by 2.2% during the 2nd quarter. CW Advisors LLC now owns 78,702 shares of the company’s stock valued at $2,269,000 after acquiring an additional 1,664 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Honda Motor by 4.8% during the 2nd quarter. Brandes Investment Partners LP now owns 847,314 shares of the company’s stock worth $24,428,000 after acquiring an additional 38,690 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Honda Motor by 2.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock worth $298,895,000 after purchasing an additional 239,663 shares during the last quarter. Finally, West Family Investments Inc. increased its position in shares of Honda Motor by 17.9% in the 2nd quarter. West Family Investments Inc. now owns 9,063 shares of the company’s stock worth $261,000 after purchasing an additional 1,379 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HMC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a research note on Monday, December 1st. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Honda Motor Trading Up 1.5%

NYSE:HMC opened at $29.80 on Wednesday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.13. The business has a 50 day simple moving average of $30.39 and a 200 day simple moving average of $31.23. The firm has a market capitalization of $46.51 billion, a P/E ratio of 9.74, a P/E/G ratio of 1.17 and a beta of 0.38.

Honda Motor (NYSE:HMC) last posted its earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The company had revenue of $34.71 billion during the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.