M&T Bank Corp Trims Position in Honda Motor Company, Ltd. (HMC)

M&T Bank Corp trimmed its holdings in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 23.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,395 shares of the company’s stock after selling 4,409 shares during the period. M&T Bank Corp’s holdings in Honda Motor were worth $394,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. MML Investors Services LLC bought a new stake in Honda Motor during the second quarter worth approximately $286,000. ETRADE Capital Management LLC lifted its position in shares of Honda Motor by 23.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 14,599 shares of the company’s stock valued at $400,000 after acquiring an additional 2,764 shares in the last quarter. FMR LLC lifted its position in shares of Honda Motor by 63.4% in the 2nd quarter. FMR LLC now owns 136,795 shares of the company’s stock valued at $3,747,000 after acquiring an additional 53,100 shares in the last quarter. Citigroup Inc. lifted its position in shares of Honda Motor by 15.3% in the 2nd quarter. Citigroup Inc. now owns 50,679 shares of the company’s stock valued at $1,387,000 after acquiring an additional 6,719 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in shares of Honda Motor by 5.0% in the 2nd quarter. Sandy Spring Bank now owns 11,200 shares of the company’s stock valued at $307,000 after acquiring an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 2.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “M&T Bank Corp Trims Position in Honda Motor Company, Ltd. (HMC)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/mt-bank-corp-trims-position-in-honda-motor-company-ltd-hmc.html.

Shares of Honda Motor Company, Ltd. (HMC) opened at 30.09 on Tuesday. The stock has a market cap of $54.23 billion, a P/E ratio of 9.04 and a beta of 1.03. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The company has a 50 day moving average of $28.99 and a 200 day moving average of $28.43.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $96.93 earnings per share. Equities research analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.

Several equities research analysts recently commented on HMC shares. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. ValuEngine downgraded shares of Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Finally, Jefferies Group LLC set a $35.00 price target on shares of Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 1

A number of other large investors have also modified their holdings of the stock. MML Investors Services LLC bought a new stake in Honda Motor during the second quarter worth approximately $286,000. ETRADE Capital Management LLC lifted its position in shares of Honda Motor by 23.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 14,599 shares of the company’s stock valued at $400,000 after acquiring an additional 2,764 shares in the last quarter. FMR LLC lifted its position in shares of Honda Motor by 63.4% in the 2nd quarter. FMR LLC now owns 136,795 shares of the company’s stock valued at $3,747,000 after acquiring an additional 53,100 shares in the last quarter. Citigroup Inc. lifted its position in shares of Honda Motor by 15.3% in the 2nd quarter. Citigroup Inc. now owns 50,679 shares of the company’s stock valued at $1,387,000 after acquiring an additional 6,719 shares in the last quarter. Finally, Sandy Spring Bank lifted its position in shares of Honda Motor by 5.0% in the 2nd quarter. Sandy Spring Bank now owns 11,200 shares of the company’s stock valued at $307,000 after acquiring an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 2.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “M&T Bank Corp Trims Position in Honda Motor Company, Ltd. (HMC)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/mt-bank-corp-trims-position-in-honda-motor-company-ltd-hmc.html.

Shares of Honda Motor Company, Ltd. (HMC) opened at 30.09 on Tuesday. The stock has a market cap of $54.23 billion, a P/E ratio of 9.04 and a beta of 1.03. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The company has a 50 day moving average of $28.99 and a 200 day moving average of $28.43.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $96.93 earnings per share. Equities research analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.

Several equities research analysts recently commented on HMC shares. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. ValuEngine downgraded shares of Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 17th. Finally, Jefferies Group LLC set a $35.00 price target on shares of Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.50.

About Honda Motor

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.

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

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