Callan Capital LLC Sells 13,606 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Callan Capital LLC lowered its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 39.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,070 shares of the company’s stock after selling 13,606 shares during the quarter. Callan Capital LLC’s holdings in Honda Motor were worth $602,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HMC. Raymond James & Associates lifted its stake in Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after acquiring an additional 18,134 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Honda Motor by 29.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock worth $413,000 after purchasing an additional 2,935 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Honda Motor by 9.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,406 shares of the company’s stock worth $711,000 after purchasing an additional 1,966 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Honda Motor by 1,906.3% in 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 during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of Honda Motor by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 44,269 shares of the company’s stock worth $1,405,000 after purchasing an additional 2,991 shares during the period. Institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

NYSE HMC opened at $27.16 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 6.32 and a beta of 0.58. The company’s 50 day moving average is $27.92 and its two-hundred day moving average is $29.22. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HMC shares. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday.

Honda Motor Company 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.