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

Mondrian Investment Partners LTD lowered its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 15.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 4,376,345 shares of the company’s stock after selling 800,345 shares during the quarter. Honda Motor comprises about 2.2% of Mondrian Investment Partners LTD’s portfolio, making the stock its 17th largest position. Mondrian Investment Partners LTD owned about 0.26% of Honda Motor worth $140,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFP Financial Group LLC lifted its position in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 316 shares during the period. Rise Advisors LLC acquired a new stake in Honda Motor during the 1st quarter worth about $27,000. Rothschild Investment LLC acquired a new stake in Honda Motor during the 2nd quarter worth about $28,000. LRI Investments LLC lifted its position in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after acquiring an additional 834 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Honda Motor in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Honda Motor Stock Performance

Shares of HMC stock opened at $31.49 on Wednesday. The stock has a market cap of $53.86 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. The business has a 50-day simple moving average of $31.53 and a 200-day simple moving average of $33.29. 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 52-week low of $27.69 and a 52-week high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. The business had revenue of $34.67 billion during 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%. On average, equities analysts expect that Honda Motor Co., Ltd. will post 4.44 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.