Truist Financial Corp Reduces Position in Honda Motor Co., Ltd. (NYSE:HMC)

Truist Financial Corp lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,134 shares of the company’s stock after selling 623 shares during the period. Truist Financial Corp’s holdings in Honda Motor were worth $232,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Asset Planning Inc purchased a new stake in Honda Motor during the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new stake in Honda Motor during the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor during the 3rd quarter valued at approximately $36,000. Addison Advisors LLC lifted its stake in Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after acquiring an additional 1,021 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in Honda Motor during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $28.79 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $28.30 and a two-hundred day simple moving average of $29.08. 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 $44.93 billion, a price-to-earnings ratio of 6.69 and a beta of 0.58.

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

Analysts Set New Price Targets

Several brokerages have commented on HMC. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

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.