Hanson & Doremus Investment Management Has $95,000 Holdings in Honda Motor Co Ltd (NYSE:HMC)

Hanson & Doremus Investment Management cut its position in Honda Motor Co Ltd (NYSE:HMC) by 51.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,655 shares of the company’s stock after selling 3,889 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Honda Motor were worth $95,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its position in Honda Motor by 262.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,098 shares of the company’s stock worth $28,000 after purchasing an additional 795 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Honda Motor by 86.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the company’s stock worth $30,000 after purchasing an additional 530 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Honda Motor by 73.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,173 shares of the company’s stock worth $30,000 after purchasing an additional 498 shares during the last quarter. Aft Forsyth & Company Inc. acquired a new stake in Honda Motor in the 2nd quarter worth $245,000. Finally, Tower Research Capital LLC TRC grew its position in Honda Motor by 802.0% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

Shares of Honda Motor stock opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.26. The firm’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $25.93. Honda Motor Co Ltd has a twelve month low of $22.87 and a twelve month high of $30.12. The firm has a market cap of $47.16 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.

Honda Motor (NYSE:HMC) last issued its earnings results on Friday, August 2nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Honda Motor had a net margin of 3.38% and a return on equity of 6.26%. The business had revenue of $36.36 billion for the quarter, compared to analyst estimates of $36.46 billion. On average, equities analysts forecast that Honda Motor Co Ltd will post 3.41 earnings per share for the current fiscal year.

Separately, ValuEngine lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.00.

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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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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