Janney Montgomery Scott LLC Sells 15,839 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Janney Montgomery Scott LLC reduced its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,982 shares of the company’s stock after selling 15,839 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $1,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its position in Honda Motor by 13.9% in the second quarter. Bank of Montreal Can now owns 23,635 shares of the company’s stock worth $766,000 after acquiring an additional 2,888 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Honda Motor by 498.5% in the 2nd quarter. Marshall Wace LLP now owns 34,117 shares of the company’s stock valued at $1,100,000 after purchasing an additional 28,417 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Honda Motor by 10.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 30,918 shares of the company’s stock valued at $997,000 after purchasing an additional 2,879 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Honda Motor during the 2nd quarter valued at approximately $172,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Honda Motor during the 2nd quarter valued at $2,015,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Down 1.3 %

HMC opened at $28.29 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The stock’s 50 day moving average price is $27.35 and its 200-day moving average price is $29.58. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of 6.98 and a beta of 0.59.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

HMC has been the subject of several recent analyst reports. StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note 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.