Sequoia Financial Advisors LLC Cuts Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Sequoia Financial Advisors LLC decreased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 13.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,320 shares of the company’s stock after selling 3,086 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Honda Motor were worth $552,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Asset Planning Inc acquired a new stake in Honda Motor in the fourth quarter valued at approximately $25,000. R Squared Ltd purchased a new position in shares of Honda Motor in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor during the 3rd quarter valued at $36,000. Manchester Capital Management LLC purchased a new stake in Honda Motor during the 4th quarter worth $40,000. Finally, BNP Paribas Financial Markets lifted its holdings in Honda Motor by 84.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after buying an additional 1,150 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Trading Up 2.0 %

NYSE HMC opened at $30.01 on Tuesday. The company has a market capitalization of $46.83 billion, a price-to-earnings ratio of 6.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company’s fifty day moving average price is $28.36 and its two-hundred day moving average price is $28.88.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HMC has been the topic of a number of analyst reports. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

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.