Ballentine Partners LLC Sells 576 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Ballentine Partners LLC cut its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,381 shares of the company’s stock after selling 576 shares during the period. Ballentine Partners LLC’s holdings in Honda Motor were worth $329,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. RFP Financial Group LLC increased its position in Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 316 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Honda Motor during the 2nd quarter valued at $28,000. LRI Investments LLC increased its stake in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. bought a new position in Honda Motor in the 2nd quarter worth $35,000. Finally, Mather Group LLC. lifted its position in Honda Motor by 15,153.8% during the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after purchasing an additional 1,970 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Honda Motor Stock Up 2.5 %

Shares of HMC stock opened at $31.00 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The company’s fifty day moving average price is $31.82 and its 200-day moving average price is $32.32. The company has a market capitalization of $53.03 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 2.67 and a beta of 0.67. Honda Motor Co., Ltd. has a one year low of $27.69 and a one year high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. Sell-side analysts expect that Honda Motor Co., Ltd. will post 4.6 EPS for the current fiscal 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.