Envestnet Asset Management Inc. Has $11.70 Million Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Envestnet Asset Management Inc. lessened its position in Honda Motor Co., Ltd. (NYSE:HMC) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,748 shares of the company’s stock after selling 262,811 shares during the period. Envestnet Asset Management Inc.’s holdings in Honda Motor were worth $11,698,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HMC. Asset Planning Inc acquired a new position in shares of Honda Motor in the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp acquired a new position in Honda Motor in the fourth quarter valued at about $26,000. R Squared Ltd bought a new stake in shares of Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor during the 3rd quarter worth approximately $36,000. Finally, Manchester Capital Management LLC bought a new position in Honda Motor in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein initiated coverage on Honda Motor in a research report on Monday. They set a “market perform” rating for the company.

Honda Motor Trading Up 2.2 %

Shares of Honda Motor stock opened at $29.09 on Friday. The firm has a market capitalization of $45.40 billion, a PE ratio of 6.76 and a beta of 0.57. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $28.08 and its 200 day moving average is $28.23. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.99.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

About Honda Motor

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.