Morgan Stanley reduced its stake in shares of Honda Motor Co Ltd (NYSE:HMC) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,278 shares of the company’s stock after selling 2,658 shares during the quarter. Morgan Stanley’s holdings in Honda Motor were worth $7,321,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its stake in shares of Honda Motor by 262.4% in the second quarter. Flagship Harbor Advisors LLC now owns 1,098 shares of the company’s stock worth $28,000 after purchasing an additional 795 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Honda Motor by 86.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the company’s stock worth $30,000 after purchasing an additional 530 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Honda Motor by 802.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the company’s stock worth $46,000 after purchasing an additional 1,572 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Honda Motor in the second quarter worth $166,000. Finally, Brandywine Oak Private Wealth LLC bought a new position in shares of Honda Motor in the second quarter worth $208,000. Hedge funds and other institutional investors own 2.27% of the company’s stock.
Separately, ValuEngine raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Honda Motor has an average rating of “Hold” and a consensus target price of $31.00.
HMC stock traded up $0.99 during trading hours on Friday, hitting $28.91. 1,163,185 shares of the stock traded hands, compared to its average volume of 630,438. The stock has a 50-day simple moving average of $26.67 and a 200 day simple moving average of $25.83. Honda Motor Co Ltd has a one year low of $22.87 and a one year high of $30.12. The company has a market cap of $48.93 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.51 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.
Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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