Perigon Wealth Management LLC Sells 558 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Perigon Wealth Management LLC lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,407 shares of the company’s stock after selling 558 shares during the quarter. Perigon Wealth Management LLC’s holdings in Honda Motor were worth $207,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HMC. FMR LLC lifted its position in Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Fisher Asset Management LLC grew its stake in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after buying an additional 227,890 shares in the last quarter. International Assets Investment Management LLC grew its stake in Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after buying an additional 184,057 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new position in Honda Motor in the 4th quarter valued at approximately $4,772,000. Finally, HITE Hedge Asset Management LLC grew its position in shares of Honda Motor by 1,392.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock valued at $4,396,000 after purchasing an additional 129,259 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honda Motor Trading Down 5.1 %

NYSE:HMC opened at $26.91 on Tuesday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 6.64 and a beta of 0.58. The company has a 50-day moving average price of $27.35 and a 200-day moving average price of $29.56. 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 (NYSE:HMC) last released its quarterly earnings data 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 firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Equities analysts predict that Honda Motor Co., Ltd. will post 4.02 EPS for the current year.

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.