LPL Financial LLC Reduces Holdings in Honda Motor (HMC)

LPL Financial LLC lessened its stake in shares of Honda Motor (NYSE:HMC) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,287 shares of the company’s stock after selling 3,883 shares during the period. LPL Financial LLC’s holdings in Honda Motor were worth $1,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Honda Motor by 0.6% during the 4th quarter. American Century Companies Inc. now owns 5,369,577 shares of the company’s stock valued at $182,995,000 after purchasing an additional 33,956 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Honda Motor by 19.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company’s stock valued at $31,388,000 after purchasing an additional 170,958 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Honda Motor by 15.7% during the 4th quarter. Aperio Group LLC now owns 1,053,110 shares of the company’s stock valued at $35,890,000 after purchasing an additional 143,183 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Honda Motor by 25.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 725,351 shares of the company’s stock valued at $24,720,000 after purchasing an additional 148,615 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Honda Motor by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock valued at $20,821,000 after purchasing an additional 2,000 shares during the last quarter. 2.12% of the stock is owned by institutional investors and hedge funds.

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Shares of NYSE HMC opened at $34.23 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a market cap of $63,182.61, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. Honda Motor has a 12-month low of $27.05 and a 12-month high of $37.29.

Honda Motor (NYSE:HMC) last announced its earnings results on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.33. The firm had revenue of $3,957.12 billion for the quarter, compared to analysts’ expectations of $3,725.76 billion. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $93.67 EPS. sell-side analysts expect that Honda Motor will post 5.36 EPS for the current year.

Several research firms have commented on HMC. Zacks Investment Research downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. JPMorgan Chase raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. UBS raised shares of Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. ValuEngine raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, Jefferies Group set a $43.00 target price on shares of Honda Motor and gave the company a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $41.00.

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Honda Motor Company Profile

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.

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

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