Foster & Motley Inc. Sells 15,911 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Foster & Motley Inc. lowered its position in Honda Motor Co., Ltd. (NYSE:HMC) by 16.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 83,334 shares of the company’s stock after selling 15,911 shares during the period. Foster & Motley Inc.’s holdings in Honda Motor were worth $2,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Honda Motor by 78.8% in the 2nd quarter. Hsbc Holdings PLC now owns 10,630 shares of the company’s stock worth $343,000 after purchasing an additional 4,686 shares in the last quarter. Bank of Montreal Can boosted its position in Honda Motor by 13.9% in the 2nd quarter. Bank of Montreal Can now owns 23,635 shares of the company’s stock worth $766,000 after purchasing an additional 2,888 shares in the last quarter. Marshall Wace LLP boosted its position in Honda Motor by 498.5% in the 2nd quarter. Marshall Wace LLP now owns 34,117 shares of the company’s stock worth $1,100,000 after purchasing an additional 28,417 shares in the last quarter. Creative Planning boosted its position in Honda Motor by 12.5% in the 2nd quarter. Creative Planning now owns 131,038 shares of the company’s stock worth $4,225,000 after purchasing an additional 14,577 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Honda Motor by 10.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 30,918 shares of the company’s stock worth $997,000 after purchasing an additional 2,879 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HMC. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Honda Motor Stock Up 1.1 %

NYSE HMC opened at $28.65 on Friday. The business has a fifty day moving average price of $27.27 and a 200 day moving average price of $29.64. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The company has a market cap of $44.71 billion, a P/E ratio of 7.07 and a beta of 0.59.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Research analysts anticipate that Honda Motor Co., Ltd. will post 4.2 EPS 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.