Cetera Trust Company N.A Sells 3,075 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Cetera Trust Company N.A lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 26.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,395 shares of the company’s stock after selling 3,075 shares during the period. Cetera Trust Company N.A’s holdings in Honda Motor were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Apollon Wealth Management LLC increased its position in shares of Honda Motor by 1.5% in the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock worth $829,000 after purchasing an additional 389 shares during the period. Bruce G. Allen Investments LLC increased its holdings in Honda Motor by 8.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock valued at $162,000 after buying an additional 445 shares during the period. Janney Montgomery Scott LLC increased its stake in Honda Motor by 0.6% in the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock valued at $2,628,000 after acquiring an additional 495 shares during the last quarter. GAMMA Investing LLC increased its stake in Honda Motor by 31.0% in the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock valued at $76,000 after acquiring an additional 564 shares during the last quarter. Finally, Forum Financial Management LP increased its stake in Honda Motor by 1.3% in the third quarter. Forum Financial Management LP now owns 44,457 shares of the company’s stock valued at $1,411,000 after acquiring an additional 587 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

HMC has been the topic of several recent analyst reports. StockNews.com lowered 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 Stock Performance

Shares of Honda Motor stock opened at $28.50 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $37.90. The stock has a market cap of $44.48 billion, a price-to-earnings ratio of 7.03 and a beta of 0.59. The company’s fifty day moving average is $26.98 and its 200 day moving average is $29.77.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The company had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.2 EPS for the current year.

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.