Honda Motor Co., Ltd. $HMC Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 48.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,438 shares of the company’s stock after selling 15,399 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Honda Motor were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its stake in shares of Honda Motor by 38.2% in the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock worth $51,000 after acquiring an additional 518 shares during the period. Manchester Capital Management LLC increased its position in Honda Motor by 15.4% during the 3rd quarter. Manchester Capital Management LLC now owns 2,629 shares of the company’s stock valued at $83,000 after purchasing an additional 351 shares during the period. State of Wyoming increased its position in Honda Motor by 17.4% during the 1st quarter. State of Wyoming now owns 3,609 shares of the company’s stock valued at $88,000 after purchasing an additional 536 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Honda Motor by 268.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,968 shares of the company’s stock valued at $108,000 after purchasing an additional 2,892 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Honda Motor by 674.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,593 shares of the company’s stock worth $125,000 after purchasing an additional 4,000 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Price Performance

Honda Motor stock opened at $34.17 on Friday. The stock has a market capitalization of $53.34 billion, a price-to-earnings ratio of -48.82 and a beta of 0.46. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The stock’s 50 day moving average price is $32.49 and its two-hundred day moving average price is $28.86.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The company had revenue of $37.27 billion during the quarter. On average, equities analysts predict that Honda Motor Co., Ltd. will post 2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HMC shares. Wall Street Zen upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. BNP Paribas Exane assumed coverage on shares of Honda Motor in a research report on Friday, September 18th. They set a “neutral” rating and a $34.00 price objective for the company. Finally, Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Honda Motor Profile

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.