Commonwealth Equity Services LLC Sells 935 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Commonwealth Equity Services LLC lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,154 shares of the company’s stock after selling 935 shares during the period. Commonwealth Equity Services LLC’s holdings in Honda Motor were worth $1,101,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mondrian Investment Partners LTD lifted its position in shares of Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock valued at $191,538,000 after acquiring an additional 896,048 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Honda Motor by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 9,644,064 shares of the company’s stock worth $298,098,000 after purchasing an additional 232,148 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Honda Motor during the 2nd quarter valued at approximately $5,396,000. Brandes Investment Partners LP grew its holdings in Honda Motor by 47.1% during the 4th quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock valued at $16,142,000 after buying an additional 167,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Honda Motor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after buying an additional 141,552 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $31.59 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90. The business has a 50-day moving average price of $31.54 and a 200-day moving average price of $33.32.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.44 earnings per share 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.