Earnest Partners LLC Has $1.33 Million Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Earnest Partners LLC lessened its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,272 shares of the company’s stock after selling 3,027 shares during the period. Earnest Partners LLC’s holdings in Honda Motor were worth $1,331,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Honda Motor by 61.1% during the fourth quarter. BNP Paribas Financial Markets now owns 23,206 shares of the company’s stock worth $717,000 after acquiring an additional 8,805 shares during the last quarter. Corient Private Wealth LLC lifted its position in Honda Motor by 4.8% during the 4th quarter. Corient Private Wealth LLC now owns 62,542 shares of the company’s stock valued at $1,933,000 after purchasing an additional 2,884 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Honda Motor in the 4th quarter valued at about $782,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Honda Motor in the 4th quarter valued at about $409,000. Finally, Crossmark Global Holdings Inc. grew its position in shares of Honda Motor by 3.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 123,851 shares of the company’s stock worth $3,829,000 after buying an additional 3,626 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

Honda Motor Stock Performance

HMC stock opened at $32.22 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90. The business’s fifty day moving average is $31.61 and its 200-day moving average is $33.16. The company has a market cap of $55.12 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.38. The company had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. Equities research analysts forecast that Honda Motor Co., Ltd. will post 4.73 EPS 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.