Nicholas Hoffman & Company LLC. Lowers Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Nicholas Hoffman & Company LLC. lessened its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 3.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,111 shares of the company’s stock after selling 720 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Honda Motor were worth $712,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CWM LLC raised its position in shares of Honda Motor by 35.9% during the third quarter. CWM LLC now owns 2,373 shares of the company’s stock valued at $80,000 after buying an additional 627 shares during the last quarter. Private Trust Co. NA increased its holdings in Honda Motor by 77.6% in the 3rd quarter. Private Trust Co. NA now owns 975 shares of the company’s stock valued at $33,000 after acquiring an additional 426 shares during the last quarter. Ballentine Partners LLC purchased a new stake in Honda Motor in the 3rd quarter worth $222,000. Lodestone Wealth Management LLC bought a new position in shares of Honda Motor during the 3rd quarter valued at about $215,000. Finally, PDS Planning Inc purchased a new position in shares of Honda Motor during the third quarter valued at about $206,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

NYSE HMC traded down $0.09 during trading on Tuesday, hitting $34.01. 1,152,539 shares of the stock traded hands, compared to its average volume of 1,044,155. The firm has a 50-day simple moving average of $35.82 and a 200-day simple moving average of $33.31. Honda Motor Co., Ltd. has a 12-month low of $25.92 and a 12-month high of $37.90. The company has a market capitalization of $57.90 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.37 and a beta of 0.71. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.44.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. The business had revenue of $36.50 billion during the quarter, compared to analysts’ expectations of $37.68 billion. Honda Motor had a net margin of 5.05% and a return on equity of 8.04%. As a group, analysts predict that Honda Motor Co., Ltd. will post 4.14 EPS for the current year.

Honda Motor 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.