Morgan Stanley Sells 139,469 Shares of Honda Motor Company, Ltd. (NYSE:HMC)
Morgan Stanley lowered its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 17.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,186 shares of the company’s stock after selling 139,469 shares during the period. Morgan Stanley’s holdings in Honda Motor were worth $19,977,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after buying an additional 108 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Honda Motor by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock worth $145,000 after buying an additional 883 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Honda Motor during the first quarter worth approximately $157,000. Raymond James Trust N.A. purchased a new stake in shares of Honda Motor during the first quarter worth approximately $207,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Honda Motor during the first quarter worth approximately $229,000. 2.56% of the stock is currently owned by institutional investors.
Shares of Honda Motor Company, Ltd. (NYSE:HMC) traded down 0.67% during midday trading on Monday, reaching $28.18. The company’s stock had a trading volume of 380,754 shares. Honda Motor Company, Ltd. has a 12-month low of $27.05 and a 12-month high of $32.17. The company’s 50-day moving average price is $27.61 and its 200 day moving average price is $29.20. The company has a market capitalization of $50.79 billion, a P/E ratio of 8.76 and a beta of 1.01.
Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.59% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. During the same period in the prior year, the firm earned $96.93 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current year.
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A number of analysts have recently commented on HMC shares. Zacks Investment Research lowered Honda Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. J P Morgan Chase & Co downgraded Honda Motor from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and set a $33.18 price objective on shares of Honda Motor in a research report on Friday, July 14th. BidaskClub downgraded Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet upgraded Honda Motor from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.59.
Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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