Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,720 shares of the company’s stock after selling 8,486 shares during the period. Corient Private Wealth LLC’s holdings in Honda Motor were worth $1,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HMC. Asset Planning Inc acquired a new stake in shares of Honda Motor during the fourth quarter worth about $25,000. R Squared Ltd acquired a new stake in Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Honda Motor in the 3rd quarter valued at approximately $36,000. Manchester Capital Management LLC acquired a new position in shares of Honda Motor in the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Honda Motor by 70.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after purchasing an additional 770 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Up 0.3 %

HMC opened at $30.13 on Wednesday. The business has a 50 day simple moving average of $28.47 and a 200-day simple moving average of $28.79. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.37. The stock has a market capitalization of $47.03 billion, a P/E ratio of 7.01 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HMC. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor 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.