PDS Planning Inc Has $214,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

PDS Planning Inc lowered its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,749 shares of the company’s stock after selling 5,100 shares during the period. PDS Planning Inc’s holdings in Honda Motor were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in Honda Motor during the 1st quarter worth $1,509,000. Cubist Systematic Strategies LLC bought a new position in Honda Motor during the second quarter worth about $3,595,000. Park Avenue Securities LLC raised its stake in Honda Motor by 76.4% in the 3rd quarter. Park Avenue Securities LLC now owns 41,358 shares of the company’s stock worth $1,312,000 after purchasing an additional 17,908 shares in the last quarter. Blue Trust Inc. boosted its holdings in Honda Motor by 179.6% in the 2nd quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock valued at $112,000 after purchasing an additional 2,233 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Honda Motor by 1,906.3% during the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after purchasing an additional 184,057 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Honda Motor Price Performance

Shares of NYSE HMC opened at $30.30 on Wednesday. The business has a fifty day moving average price of $31.62 and a two-hundred day moving average price of $32.13. The stock has a market capitalization of $51.83 billion, a PE ratio of 6.46, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. Honda Motor Co., Ltd. has a fifty-two week low of $27.69 and a fifty-two week high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. The business had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current fiscal 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.