Foster & Motley Inc. Lowers Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Foster & Motley Inc. lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,334 shares of the company’s stock after selling 15,911 shares during the period. Foster & Motley Inc.’s holdings in Honda Motor were worth $2,379,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of Honda Motor by 2.3% in the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after purchasing an additional 227,890 shares in the last quarter. Equity Investment Corp lifted its position in Honda Motor by 1.8% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock valued at $66,557,000 after purchasing an additional 36,221 shares during the last quarter. FMR LLC raised its stake in shares of Honda Motor by 52.5% during the third quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Raymond James & Associates raised its stake in shares of Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after acquiring an additional 18,134 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Honda Motor by 3.7% during the third quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock worth $8,924,000 after acquiring an additional 9,978 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

NYSE HMC opened at $28.65 on Friday. The stock has a market cap of $44.71 billion, a price-to-earnings ratio of 7.07 and a beta of 0.59. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company’s 50 day moving average is $27.27 and its two-hundred day moving average is $29.64.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. As a group, research analysts anticipate that Honda Motor Co., Ltd. will post 4.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HMC shares. StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Company Profile

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.