Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,229 shares of the company’s stock after selling 1,846 shares during the period. Atria Investments Inc’s holdings in Honda Motor were worth $206,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Honda Motor by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company’s stock worth $1,404,000 after buying an additional 401 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of Honda Motor by 8.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock valued at $162,000 after acquiring an additional 445 shares in the last quarter. Rhumbline Advisers boosted its stake in Honda Motor by 1.1% in the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company’s stock worth $1,164,000 after purchasing an additional 457 shares during the period. M&T Bank Corp grew its position in Honda Motor by 8.2% during the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock worth $250,000 after purchasing an additional 595 shares in the last quarter. Finally, DGS Capital Management LLC raised its stake in Honda Motor by 0.7% during the 3rd quarter. DGS Capital Management LLC now owns 95,092 shares of the company’s stock valued at $3,017,000 after purchasing an additional 668 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Honda Motor Stock Performance

Shares of HMC stock opened at $30.39 on Wednesday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The stock’s 50-day moving average is $28.37 and its two-hundred day moving average is $28.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The firm has a market cap of $47.43 billion, a P/E ratio of 7.07 and a beta of 0.61.

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 analysts’ consensus estimates of $0.94 by $0.37. The firm had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal 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.