Assetmark Inc. Sells 70,855 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Assetmark Inc. cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 25.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 210,386 shares of the company’s stock after selling 70,855 shares during the period. Assetmark Inc.’s holdings in Honda Motor were worth $6,007,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. XY Capital Ltd bought a new stake in shares of Honda Motor in the 4th quarter worth about $1,294,000. Hedges Asset Management LLC increased its holdings in shares of Honda Motor by 91.8% in the 4th quarter. Hedges Asset Management LLC now owns 28,000 shares of the company’s stock worth $799,000 after buying an additional 13,400 shares during the last quarter. Equity Investment Corp increased its holdings in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after buying an additional 36,221 shares during the last quarter. Persium Advisors LLC purchased a new position in shares of Honda Motor during the 4th quarter worth about $628,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Honda Motor by 22.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock worth $1,832,000 after purchasing an additional 10,720 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HMC has been the subject of a number of recent analyst reports. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Price Performance

HMC stock opened at $29.19 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $28.31 and a 200 day moving average price of $29.04. The stock has a market cap of $45.55 billion, a PE ratio of 6.79 and a beta of 0.61.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

About Honda Motor

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.