Envestnet Asset Management Inc. Sells 107,872 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Envestnet Asset Management Inc. reduced its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,602 shares of the company’s stock after selling 107,872 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Honda Motor were worth $15,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HMC. RFP Financial Group LLC grew its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares in the last quarter. Rise Advisors LLC purchased a new stake in Honda Motor during the 1st quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new stake in Honda Motor during the 2nd quarter valued at approximately $28,000. LRI Investments LLC grew its holdings in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 834 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in Honda Motor during the 2nd quarter valued at approximately $35,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Down 0.6 %

HMC stock opened at $32.74 on Wednesday. The firm has a fifty day moving average price of $31.55 and a 200 day moving average price of $33.17. Honda Motor Co., Ltd. has a fifty-two week low of $27.69 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The firm has a market cap of $56.01 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Honda Motor 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.