Manning & Napier Advisors LLC Cuts Position in Honda Motor Co., Ltd. (NYSE:HMC)

Manning & Napier Advisors LLC decreased its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,379 shares of the company’s stock after selling 8,510 shares during the period. Manning & Napier Advisors LLC’s holdings in Honda Motor were worth $4,550,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after buying an additional 227,890 shares during the last quarter. Equity Investment Corp lifted its holdings in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after acquiring an additional 36,221 shares during the last quarter. FMR LLC boosted its stake in shares of Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after purchasing an additional 18,134 shares during the last quarter. Finally, Assetmark Inc. raised its position in Honda Motor by 3.7% in the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock worth $8,924,000 after purchasing an additional 9,978 shares during the period. Institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Price Performance

HMC stock opened at $28.33 on Thursday. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 6.99 and a beta of 0.59. The firm’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $29.65. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion for the quarter, compared to analysts’ expectations of $35.60 billion. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 4.2 earnings per share for the current 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.