Mercer Global Advisors Inc. ADV Cuts Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Mercer Global Advisors Inc. ADV cut its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,272 shares of the company’s stock after selling 7,010 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Honda Motor were worth $5,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Honda Motor by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 9,644,064 shares of the company’s stock worth $298,098,000 after buying an additional 232,148 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in Honda Motor by 20.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after acquiring an additional 896,048 shares in the last quarter. Equity Investment Corp grew its holdings in Honda Motor by 1.6% during the 2nd quarter. Equity Investment Corp now owns 2,061,395 shares of the company’s stock worth $66,459,000 after acquiring an additional 33,067 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Honda Motor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after purchasing an additional 141,552 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Honda Motor by 2.5% in the 1st quarter. LSV Asset Management now owns 502,342 shares of the company’s stock valued at $18,702,000 after purchasing an additional 12,200 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Trading Up 0.3 %

HMC opened at $32.73 on Friday. The business’s 50-day simple moving average is $31.54 and its 200-day simple moving average is $33.25. The company has a market cap of $55.99 billion, a P/E ratio of 6.93, a PEG ratio of 2.88 and a beta of 0.67. Honda Motor Co., Ltd. has a one year low of $27.69 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

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.