Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,245 shares of the company’s stock after selling 6,955 shares during the period. Foster & Motley Inc.’s holdings in Honda Motor were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. RFP Financial Group LLC boosted its stake in shares of Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after buying an additional 316 shares during the period. Rothschild Investment LLC purchased a new position in Honda Motor in the 2nd quarter valued at $28,000. LRI Investments LLC increased its stake in Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 834 shares during the period. Family Firm Inc. acquired a new stake in shares of Honda Motor in the 2nd quarter worth $35,000. Finally, Mather Group LLC. boosted its holdings in shares of Honda Motor by 15,153.8% in the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after acquiring an additional 1,970 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Trading Down 8.0 %

Honda Motor stock opened at $27.87 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. Honda Motor Co., Ltd. has a one year low of $27.27 and a one year high of $37.90. The business has a fifty day moving average of $31.52 and a two-hundred day moving average of $32.10.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Research analysts forecast that Honda Motor Co., Ltd. will post 4.6 EPS for the current fiscal year.

About Honda Motor

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.