Mitsubishi UFJ Asset Management Co. Ltd. Decreases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in Honda Motor Co., Ltd. (NYSE:HMC) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,379 shares of the company’s stock after selling 610 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Honda Motor were worth $526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 902 shares during the last quarter. Rothschild Investment LLC increased its stake in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after buying an additional 417 shares during the last quarter. Rossby Financial LCC purchased a new stake in Honda Motor in the 1st quarter valued at about $56,000. Farther Finance Advisors LLC increased its stake in Honda Motor by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock valued at $75,000 after buying an additional 947 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in Honda Motor by 17.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company’s stock valued at $80,000 after buying an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HMC shares. Macquarie lowered shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Dbs Bank lowered shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Honda Motor has a consensus rating of “Hold”.

Honda Motor Trading Down 0.5%

Shares of HMC stock opened at $33.39 on Thursday. The company has a 50 day moving average of $30.59 and a 200-day moving average of $29.40. The firm has a market cap of $52.12 billion, a P/E ratio of 11.55, a PEG ratio of 1.01 and a beta of 0.52. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.51. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. The company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Honda Motor Company 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.