First Allied Advisory Services Inc. Sells 963 Shares of Honda Motor Company, Ltd. (HMC)

First Allied Advisory Services Inc. lessened its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 9.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,647 shares of the company’s stock after selling 963 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Honda Motor were worth $263,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HMC. Russell Investments Group Ltd. purchased a new position in shares of Honda Motor in the 1st quarter valued at about $1,990,000. First Trust Advisors LP boosted its stake in shares of Honda Motor by 132.5% in the 1st quarter. First Trust Advisors LP now owns 35,121 shares of the company’s stock valued at $1,063,000 after buying an additional 20,016 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Honda Motor by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock valued at $2,287,000 after buying an additional 5,420 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Honda Motor by 21.9% in the 1st quarter. Ameriprise Financial Inc. now owns 86,755 shares of the company’s stock valued at $2,624,000 after buying an additional 15,615 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Honda Motor by 26.9% in the 1st quarter. JPMorgan Chase & Co. now owns 351,399 shares of the company’s stock valued at $10,634,000 after buying an additional 74,470 shares during the period. Institutional investors and hedge funds own 2.58% of the company’s stock.

Honda Motor Company, Ltd. (NYSE:HMC) opened at 30.29 on Wednesday. Honda Motor Company, Ltd. has a 12-month low of $27.05 and a 12-month high of $32.17. The stock has a 50 day moving average price of $29.07 and a 200-day moving average price of $28.43. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 9.10 and a beta of 1.03.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same period last year, the firm earned $96.93 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current year.

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Several brokerages have recently issued reports on HMC. ValuEngine upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised Honda Motor from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Finally, Nomura raised Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.50.

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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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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