PDS Planning Inc Sells 5,100 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

PDS Planning Inc decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 43.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,749 shares of the company’s stock after selling 5,100 shares during the quarter. PDS Planning Inc’s holdings in Honda Motor were worth $214,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Forum Financial Management LP grew its holdings in shares of Honda Motor by 1.3% during the 3rd quarter. Forum Financial Management LP now owns 44,457 shares of the company’s stock valued at $1,411,000 after purchasing an additional 587 shares during the last quarter. BSW Wealth Partners lifted its stake in Honda Motor by 11.7% in the 3rd quarter. BSW Wealth Partners now owns 22,443 shares of the company’s stock valued at $712,000 after purchasing an additional 2,343 shares during the last quarter. Janney Montgomery Scott LLC boosted its position 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 buying an additional 495 shares in the last quarter. Allen Wealth Management LLC grew its stake in shares of Honda Motor by 7.2% during the third quarter. Allen Wealth Management LLC now owns 56,205 shares of the company’s stock worth $1,783,000 after buying an additional 3,752 shares during the last quarter. Finally, Optas LLC acquired a new position in shares of Honda Motor during the third quarter worth $203,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Honda Motor Stock Up 0.1 %

Honda Motor stock opened at $30.30 on Wednesday. The firm has a 50 day moving average price of $31.62 and a two-hundred day moving average price of $32.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90. The firm has a market cap of $51.83 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 2.66 and a beta of 0.67.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $33.75 billion. Equities analysts predict that Honda Motor Co., Ltd. will post 4.6 EPS 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.