QRG Capital Management Inc. Sells 63,552 Shares of Honda Motor Co., Ltd. $HMC

QRG Capital Management Inc. reduced its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,800 shares of the company’s stock after selling 63,552 shares during the period. QRG Capital Management Inc.’s holdings in Honda Motor were worth $3,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Valeo Financial Advisors LLC grew its position in shares of Honda Motor by 3.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,002 shares of the company’s stock valued at $260,000 after acquiring an additional 301 shares during the period. Advisory Services Network LLC raised its holdings in Honda Motor by 1.3% in the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after purchasing an additional 329 shares during the period. WealthCollab LLC lifted its position in Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Honda Motor by 2.3% during the second quarter. Elevation Point Wealth Partners LLC now owns 17,889 shares of the company’s stock valued at $516,000 after purchasing an additional 394 shares during the period. Finally, PDS Planning Inc grew its holdings in Honda Motor by 3.9% during the third quarter. PDS Planning Inc now owns 10,837 shares of the company’s stock valued at $334,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HMC shares. Nomura Securities raised Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Honda Motor Stock Performance

NYSE:HMC opened at $30.86 on Monday. The stock has a 50-day moving average price of $29.97 and a 200 day moving average price of $31.39. The stock has a market capitalization of $48.17 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.23 and a beta of 0.38. Honda Motor Co., Ltd. has a 12-month low of $24.56 and a 12-month high of $34.89. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a return on equity of 5.18% and a net margin of 3.04%.The business had revenue of $34.71 billion during the quarter, compared to analysts’ expectations of $35.95 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Honda Motor Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.