Honda Motor Co Ltd (HMC) Shares Sold by HPM Partners LLC
HPM Partners LLC decreased its stake in Honda Motor Co Ltd (NYSE:HMC) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,960 shares of the company’s stock after selling 6,968 shares during the period. HPM Partners LLC’s holdings in Honda Motor were worth $919,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in HMC. FNY Partners Fund LP grew its stake in shares of Honda Motor by 2,651.1% in the fourth quarter. FNY Partners Fund LP now owns 495,200 shares of the company’s stock worth $16,876,000 after acquiring an additional 477,200 shares during the last quarter. LMR Partners LLP lifted its position in Honda Motor by 1,146.9% in the fourth quarter. LMR Partners LLP now owns 436,400 shares of the company’s stock worth $14,956,000 after purchasing an additional 401,400 shares during the period. Crossmark Global Holdings Inc. lifted its position in Honda Motor by 119.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 412,709 shares of the company’s stock worth $14,065,000 after purchasing an additional 224,938 shares during the period. Parametric Portfolio Associates LLC lifted its position in Honda Motor by 19.2% in the third quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company’s stock worth $31,388,000 after purchasing an additional 170,958 shares during the period. Finally, Boston Partners bought a new position in Honda Motor in the third quarter worth $4,519,000. Institutional investors and hedge funds own 2.03% of the company’s stock.
HMC has been the subject of several research reports. UBS Group raised Honda Motor from an “underweight” rating to a “neutral” rating in a research report on Friday, November 17th. Zacks Investment Research raised Honda Motor from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, December 12th. JPMorgan Chase & Co. raised Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. Credit Suisse Group raised Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. Finally, Jefferies Group set a $43.00 price objective on Honda Motor and gave the company a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.00.
Honda Motor (NYSE:HMC) last announced its earnings results on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.33. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The company had revenue of $3,957.12 billion during the quarter, compared to analyst estimates of $3,725.76 billion. During the same period last year, the company posted $93.67 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. equities research analysts anticipate that Honda Motor Co Ltd will post 5.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Thursday, December 28th were paid a $0.186 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.15%. Honda Motor’s dividend payout ratio (DPR) is presently 14.45%.
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About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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