Envestnet Asset Management Inc. reduced its stake in Honda Motor Co Ltd (NYSE:HMC) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,342 shares of the company’s stock after selling 2,068 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Honda Motor were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HMC. NumerixS Investment Technologies Inc purchased a new position in shares of Honda Motor in the 2nd quarter valued at approximately $114,000. Optimum Investment Advisors purchased a new position in shares of Honda Motor in the 1st quarter valued at approximately $122,000. Claraphi Advisory Network LLC purchased a new position in shares of Honda Motor in the 1st quarter valued at approximately $244,000. BlackRock Inc. purchased a new position in shares of Honda Motor in the 2nd quarter valued at approximately $283,000. Finally, Jump Trading LLC purchased a new position in shares of Honda Motor in the 1st quarter valued at approximately $302,000. Institutional investors own 2.07% of the company’s stock.

Several research firms have recently commented on HMC. ValuEngine raised Honda Motor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Goldman Sachs Group cut Honda Motor from a “buy” rating to a “neutral” rating in a report on Friday, June 1st. Finally, Nomura cut Honda Motor from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Honda Motor currently has an average rating of “Hold” and an average target price of $40.50.

HMC opened at $29.69 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $52.35 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06. Honda Motor Co Ltd has a 12 month low of $28.00 and a 12 month high of $37.29.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.99 by $0.19. The business had revenue of $4,024.10 billion during the quarter, compared to analysts’ expectations of $3,794.23 billion. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $115.04 EPS. research analysts forecast that Honda Motor Co Ltd will post 3.53 EPS for the current fiscal year.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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