Macquarie Group Ltd. Trims Stake in Honda Motor Company, Ltd. (HMC)

Macquarie Group Ltd. trimmed its holdings in Honda Motor Company, Ltd. (NYSE:HMC) by 0.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,791,009 shares of the company’s stock after selling 18,239 shares during the period. Macquarie Group Ltd. owned 0.21% of Honda Motor worth $112,062,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Honda Motor by 35.3% in the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock valued at $152,872,000 after buying an additional 1,455,144 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of Honda Motor by 7.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock valued at $107,247,000 after buying an additional 271,870 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Honda Motor by 11.8% in the second quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock valued at $78,793,000 after buying an additional 302,703 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Honda Motor by 26.4% in the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock valued at $58,167,000 after buying an additional 449,345 shares during the last quarter. Finally, Prudential PLC raised its holdings in shares of Honda Motor by 46.1% in the second quarter. Prudential PLC now owns 1,737,887 shares of the company’s stock valued at $47,601,000 after buying an additional 548,500 shares during the last quarter. 2.60% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.36 target price on shares of Honda Motor in a report on Friday, October 13th. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. UBS AG raised shares of Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday. Finally, Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Honda Motor currently has a consensus rating of “Hold” and a consensus price target of $34.18.

Honda Motor Company, Ltd. (NYSE HMC) traded up $0.02 during midday trading on Friday, reaching $32.62. 647,100 shares of the company traded hands, compared to its average volume of 675,224. The stock has a market capitalization of $58,853.30, a PE ratio of 10.25, a P/E/G ratio of 2.60 and a beta of 1.05. Honda Motor Company, Ltd. has a 52-week low of $27.05 and a 52-week high of $33.75. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

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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