33,920 Honda Motor Co., Ltd. $HMC Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 48.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,487 shares of the company’s stock after selling 33,920 shares during the period. Ethic Inc.’s holdings in Honda Motor were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HMC. Bank of America Corp DE boosted its position in Honda Motor by 3.6% during the first quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after purchasing an additional 99,301 shares during the period. First Trust Advisors LP increased its holdings in shares of Honda Motor by 16.5% in the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after purchasing an additional 197,431 shares during the last quarter. XY Capital Ltd bought a new position in shares of Honda Motor in the second quarter valued at about $7,032,000. State Street Corp lifted its stake in shares of Honda Motor by 40.9% during the 2nd quarter. State Street Corp now owns 172,691 shares of the company’s stock worth $4,685,000 after buying an additional 50,102 shares during the last quarter. Finally, BlackRock Inc. lifted its stake 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 worth $72,004,000 after buying an additional 691,165 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HMC has been the subject of several research analyst reports. BNP Paribas Exane assumed coverage on shares of Honda Motor in a report on Friday, September 18th. They set a “neutral” rating and a $34.00 target price for the company. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Honda Motor from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings upgraded Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Honda Motor Trading Up 2.4%

HMC stock opened at $34.33 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.32. The company’s 50-day simple moving average is $33.19 and its 200 day simple moving average is $29.15. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $36.88. The company has a market capitalization of $53.58 billion, a PE ratio of -35.03 and a beta of 0.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.63). Honda Motor had a negative return on equity of 1.78% and a negative net margin of 0.97%. The business had revenue of $39.13 billion during the quarter, compared to analyst estimates of $36.68 billion. As a group, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 2.42 earnings per share for the current year.

Honda Motor Company Profile

Honda Motor Co., Ltd. is a Japan-based manufacturer of automobiles, motorcycles and other mobility products. Its vehicle lineup includes passenger cars, SUVs and electrified models, while its motorcycle business serves consumers and commercial users in markets around the world. The company also makes power equipment, marine engines and other products, and provides financial services that support vehicle and equipment sales. Honda’s aviation subsidiary, Honda Aircraft Company, develops and manufactures the HondaJet business aircraft.