Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 3.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 521,158 shares of the company’s stock after selling 17,557 shares during the quarter. Brandes Investment Partners LP’s holdings in Honda Motor were worth $16,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new stake in Honda Motor during the 2nd quarter valued at about $1,247,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 buying an additional 2,879 shares during the period. Creative Planning raised its position in Honda Motor by 12.5% during the 2nd quarter. Creative Planning now owns 131,038 shares of the company’s stock worth $4,225,000 after buying an additional 14,577 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Honda Motor during the 2nd quarter valued at approximately $299,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Honda Motor in the 2nd quarter valued at $3,595,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

Shares of HMC stock opened at $32.22 on Monday. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90. The stock has a market cap of $55.12 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The business has a 50-day simple moving average of $31.61 and a 200-day simple moving average of $33.13. 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 (NYSE:HMC) last posted its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. On average, equities analysts expect that Honda Motor Co., Ltd. will post 4.73 EPS for the current year.

Wall Street Analyst Weigh In

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

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.