Honda Motor Company, Ltd. (HMC) Holdings Trimmed by Capital Investment Counsel Inc

Capital Investment Counsel Inc lowered its stake in shares of Honda Motor Company, Ltd. (NYSE:HMC) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,650 shares of the company’s stock after selling 3,150 shares during the period. Capital Investment Counsel Inc’s holdings in Honda Motor were worth $699,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HMC. Bank of New York Mellon Corp raised its stake in Honda Motor by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock worth $2,287,000 after purchasing an additional 5,420 shares during the period. FMR LLC raised its stake in Honda Motor by 19.2% during the first quarter. FMR LLC now owns 83,695 shares of the company’s stock worth $2,533,000 after purchasing an additional 13,500 shares during the period. Dimensional Fund Advisors LP raised its stake in Honda Motor by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 702,203 shares of the company’s stock worth $21,249,000 after purchasing an additional 28,704 shares during the period. KCG Holdings Inc. raised its stake in Honda Motor by 13.9% during the first quarter. KCG Holdings Inc. now owns 10,216 shares of the company’s stock worth $309,000 after purchasing an additional 1,250 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Honda Motor during the second quarter worth approximately $238,000. 2.60% of the stock is currently owned by institutional investors.

Honda Motor Company, Ltd. (HMC) traded down $0.32 during trading on Wednesday, hitting $32.49. 2,241,500 shares of the stock traded hands, compared to its average volume of 667,322. Honda Motor Company, Ltd. has a 52 week low of $27.05 and a 52 week high of $33.75. The firm has a market capitalization of $58,440.00, a price-to-earnings ratio of 10.35, a P/E/G ratio of 3.07 and a beta of 1.04. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

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HMC has been the subject of several recent research reports. ValuEngine raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, August 17th. Nomura raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Honda Motor from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Instinet raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.18.

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.

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

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