HighTower Advisors LLC Reduces Position in Honda Motor Co., Ltd. (NYSE:HMC)

HighTower Advisors LLC trimmed its position in Honda Motor Co., Ltd. (NYSE:HMC) by 42.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,891 shares of the company’s stock after selling 32,635 shares during the period. HighTower Advisors LLC’s holdings in Honda Motor were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Honda Motor by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company’s stock valued at $1,404,000 after buying an additional 401 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Honda Motor by 8.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock valued at $162,000 after purchasing an additional 445 shares in the last quarter. Rhumbline Advisers increased its position in Honda Motor by 1.1% in the fourth 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 last quarter. M&T Bank Corp raised its stake in Honda Motor by 8.2% during the third quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock valued at $250,000 after purchasing an additional 595 shares in the last quarter. Finally, DGS Capital Management LLC raised its position in Honda Motor by 0.7% during the third 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.

Analyst Ratings Changes

A number of research analysts have weighed in on HMC shares. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Stock Performance

Shares of HMC stock opened at $30.13 on Wednesday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.37. 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 market cap of $47.03 billion, a PE ratio of 7.01 and a beta of 0.61. The business’s fifty day simple moving average is $28.47 and its 200-day simple moving average is $28.79.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping 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 business had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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.