Allspring Global Investments Holdings LLC Sells 2,442 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Allspring Global Investments Holdings LLC decreased its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 18.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,579 shares of the company’s stock after selling 2,442 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Honda Motor were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Essex Financial Services Inc. purchased a new position in Honda Motor in the fourth quarter worth about $205,000. XY Capital Ltd purchased a new position in Honda Motor in the fourth quarter worth about $1,294,000. Savant Capital LLC increased its position in Honda Motor by 37.1% during the fourth quarter. Savant Capital LLC now owns 8,835 shares of the company’s stock valued at $252,000 after acquiring an additional 2,390 shares during the last quarter. Optas LLC raised its holdings in shares of Honda Motor by 82.1% in the fourth quarter. Optas LLC now owns 11,646 shares of the company’s stock worth $332,000 after buying an additional 5,251 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its stake in Honda Motor by 11.8% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 7,720 shares of the company’s stock worth $220,000 after buying an additional 812 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $27.65 on Wednesday. The company’s fifty day moving average price is $28.01 and its 200 day moving average price is $29.19. The firm has a market capitalization of $43.15 billion, a P/E ratio of 6.43 and a beta of 0.58. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HMC has been the topic of several recent analyst reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.