Glenmede Trust Co. NA Trims Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Glenmede Trust Co. NA cut its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 18.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,261 shares of the company’s stock after selling 4,142 shares during the quarter. Glenmede Trust Co. NA’s holdings in Honda Motor were worth $579,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HMC. Rothschild Investment LLC bought a new position in Honda Motor during the second quarter worth $28,000. LRI Investments LLC lifted its stake in Honda Motor by 1,263.6% during the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares during the last quarter. Family Firm Inc. bought a new position in Honda Motor during the second quarter worth $35,000. Addison Advisors LLC lifted its stake in Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,021 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Honda Motor by 15,153.8% in the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after buying an additional 1,970 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Honda Motor Price Performance

HMC stock opened at $26.33 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 1 year low of $25.56 and a 1 year high of $37.90. The stock’s fifty day moving average is $29.35 and its two-hundred day moving average is $31.05.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. As a group, research analysts forecast that Honda Motor Co., Ltd. will post 4.09 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.