Nicholas Hoffman & Company LLC. Cuts Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Nicholas Hoffman & Company LLC. decreased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 4.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,051 shares of the company’s stock after selling 800 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Honda Motor were worth $573,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mondrian Investment Partners LTD grew its position in shares of Honda Motor by 20.9% in the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after buying an additional 896,048 shares during the last quarter. Equity Investment Corp grew its position 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 purchasing an additional 33,067 shares during the last quarter. LSV Asset Management lifted its stake in Honda Motor by 2.5% during the 1st quarter. LSV Asset Management now owns 502,342 shares of the company’s stock valued at $18,702,000 after acquiring an additional 12,200 shares during the period. American Century Companies Inc. lifted its stake in Honda Motor by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock valued at $14,265,000 after acquiring an additional 41,216 shares during the period. Finally, Raymond James & Associates lifted its stake in Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after acquiring an additional 18,134 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

NYSE:HMC opened at $30.81 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The company has a fifty day moving average of $31.78 and a two-hundred day moving average of $32.27. The stock has a market capitalization of $52.70 billion, a PE ratio of 6.53, a P/E/G ratio of 2.67 and a beta of 0.67. Honda Motor Co., Ltd. has a fifty-two week low of $27.69 and a fifty-two week high of $37.90.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) 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 business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. As a group, research analysts forecast that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Honda Motor Company 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.