Janney Montgomery Scott LLC cut its position in Honda Motor Co Ltd (NYSE:HMC) by 21.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,121 shares of the company’s stock after selling 6,672 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Honda Motor were worth $713,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacad Investment Ltd. raised its stake in shares of Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after buying an additional 300 shares during the period. SG Americas Securities LLC raised its stake in shares of Honda Motor by 7.3% in the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after buying an additional 377 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Honda Motor in the third quarter valued at $204,000. Eagle Asset Management Inc. bought a new stake in shares of Honda Motor in the third quarter valued at $208,000. Finally, Stevens Capital Management LP bought a new stake in shares of Honda Motor in the second quarter valued at $240,000. Hedge funds and other institutional investors own 2.37% of the company’s stock.
Several analysts have issued reports on HMC shares. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Jefferies Group reiterated a “buy” rating and issued a $36.36 price target on shares of Honda Motor in a research report on Friday, October 13th. ValuEngine cut Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, UBS Group upgraded Honda Motor from an “underweight” rating to a “neutral” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.68.
Honda Motor Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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