Franklin Resources Inc. Has $1.57 Million Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Franklin Resources Inc. decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 51.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,875 shares of the company’s stock after selling 57,270 shares during the period. Franklin Resources Inc.’s holdings in Honda Motor were worth $1,567,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Asset Planning Inc purchased a new position in Honda Motor during the fourth quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Honda Motor during the 4th quarter valued at $26,000. R Squared Ltd purchased a new position in shares of Honda Motor during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Honda Motor in the third quarter worth $36,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of Honda Motor during the fourth quarter worth $40,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

NYSE HMC opened at $28.17 on Tuesday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $36.52. The stock’s 50-day moving average is $28.05 and its two-hundred day moving average is $28.25. The firm has a market cap of $43.97 billion, a P/E ratio of 6.55 and a beta of 0.57. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. On average, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

HMC has been the topic of several research reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein started coverage on Honda Motor in a report on Monday. They issued a “market perform” rating on the stock. Finally, StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.