Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. lowered its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,051 shares of the company’s stock after selling 800 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Honda Motor were worth $573,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HMC. RFP Financial Group LLC lifted its position 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 purchasing an additional 316 shares in the last quarter. Rothschild Investment LLC purchased a new position in Honda Motor in the second quarter valued at approximately $28,000. LRI Investments LLC increased its stake in Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 834 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Honda Motor during the second quarter worth approximately $35,000. Finally, Mather Group LLC. grew its position in shares of Honda Motor by 15,153.8% during the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock worth $64,000 after acquiring an additional 1,970 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Honda Motor Stock Performance

Shares of HMC opened at $30.81 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The stock has a market capitalization of $52.70 billion, a P/E ratio of 6.53, a P/E/G ratio of 2.67 and a beta of 0.67. The company’s fifty day moving average is $31.78 and its two-hundred day moving average is $32.27. Honda Motor Co., Ltd. has a 1 year low of $27.69 and a 1 year high of $37.90.

Honda Motor (NYSE:HMC) last announced 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 company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current year.

Honda Motor 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.