Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,313 shares of the company’s stock after selling 3,354 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Honda Motor were worth $1,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HMC. Fisher Asset Management LLC grew its position in Honda Motor by 2.3% in the third 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% during the third quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock valued at $66,557,000 after purchasing an additional 36,221 shares during the last quarter. FMR LLC boosted its position 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 during the period. American Century Companies Inc. increased its stake in Honda Motor by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock worth $14,265,000 after purchasing an additional 41,216 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Honda Motor by 5.5% in the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Up 0.9 %

Shares of HMC stock opened at $25.26 on Wednesday. Honda Motor Co., Ltd. has a twelve month low of $24.93 and a twelve month high of $37.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The stock’s 50 day simple moving average is $28.03 and its 200 day simple moving average is $30.52. The company has a market capitalization of $43.20 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The firm had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. As a group, research analysts predict that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.