Fisher Asset Management LLC Decreases Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Fisher Asset Management LLC decreased its position in Honda Motor Co., Ltd. (NYSE:HMC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,138,916 shares of the company’s stock after selling 206,900 shares during the quarter. Fisher Asset Management LLC owned 0.65% of Honda Motor worth $289,466,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after buying an additional 466,842 shares during the period. International Assets Investment Management LLC grew its stake in shares of Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after acquiring an additional 184,057 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new stake in shares of Honda Motor during the fourth quarter worth about $4,772,000. HITE Hedge Asset Management LLC lifted its stake in shares of Honda Motor by 1,392.9% in the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock worth $4,396,000 after acquiring an additional 129,259 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Honda Motor by 37.2% in the third quarter. Quantinno Capital Management LP now owns 184,404 shares of the company’s stock valued at $5,851,000 after purchasing an additional 49,963 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Shares of HMC stock opened at $27.80 on Friday. The stock has a market capitalization of $43.40 billion, a price-to-earnings ratio of 6.47 and a beta of 0.58. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The company’s 50-day simple moving average is $28.25 and its 200-day simple moving average is $29.16. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.