Janney Montgomery Scott LLC Sells 47,559 Shares of Honda Motor Co., Ltd. $HMC

Janney Montgomery Scott LLC lessened its position in Honda Motor Co., Ltd. (NYSE:HMC) by 84.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,482 shares of the company’s stock after selling 47,559 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HMC. Auto Owners Insurance Co boosted its position in Honda Motor by 5,004.4% during the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after acquiring an additional 8,414,952 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after acquiring an additional 1,083,245 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Honda Motor by 28.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock valued at $78,087,000 after purchasing an additional 590,128 shares during the last quarter. Equity Investment Corp raised its holdings in shares of Honda Motor by 1.2% in the fourth quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock valued at $67,869,000 after purchasing an additional 27,965 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Honda Motor by 16.5% in the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after purchasing an additional 197,431 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HMC. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Honda Motor Stock Performance

NYSE HMC opened at $31.56 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $28.37 and its two-hundred day moving average price is $27.39. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89. The firm has a market capitalization of $49.26 billion, a P/E ratio of -45.08 and a beta of 0.42.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The firm had revenue of $37.27 billion during the quarter. As a group, research analysts anticipate that Honda Motor Co., Ltd. will post 1.3 EPS for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.