Foster & Motley Inc. Has $1.02 Million Stock Position in Honda Motor Co., Ltd. $HMC

Foster & Motley Inc. cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 40.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,461 shares of the company’s stock after selling 25,848 shares during the period. Foster & Motley Inc.’s holdings in Honda Motor were worth $1,016,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HMC. Royal Bank of Canada raised its holdings in shares of Honda Motor by 8.6% during the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after buying an additional 22,479 shares in the last quarter. AQR Capital Management LLC boosted its stake in Honda Motor by 29.5% in the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock valued at $1,073,000 after buying an additional 9,001 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after acquiring an additional 468 shares during the last quarter. Millennium Management LLC grew its position in Honda Motor by 41.4% in the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after acquiring an additional 100,330 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Honda Motor by 121.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after acquiring an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.00.

Honda Motor Trading Down 0.1%

NYSE:HMC opened at $31.91 on Thursday. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The firm’s fifty day moving average is $28.69 and its 200-day moving average is $27.42. The firm has a market cap of $49.81 billion, a P/E ratio of -45.59 and a beta of 0.42.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The company had revenue of $37.27 billion for the quarter. Equities analysts expect that Honda Motor Co., Ltd. will post 1.3 earnings per share for the current year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.