Honda Motor Company, Ltd. (HMC) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lowered its stake in Honda Motor Company, Ltd. (NYSE:HMC) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,766,131 shares of the company’s stock after selling 80,100 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.15% of Honda Motor worth $75,764,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HMC. American Century Companies Inc. lifted its stake in Honda Motor by 35.3% in the 2nd quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after purchasing an additional 1,455,144 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Honda Motor by 132.1% in the 2nd quarter. Federated Investors Inc. PA now owns 1,270,557 shares of the company’s stock worth $34,800,000 after purchasing an additional 723,125 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Honda Motor by 20.6% in the 1st quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after purchasing an additional 566,685 shares in the last quarter. Mondrian Investment Partners LTD lifted its stake in Honda Motor by 26.4% in the 2nd quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after purchasing an additional 449,345 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its stake in Honda Motor by 7.5% in the 2nd quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock worth $107,247,000 after purchasing an additional 271,870 shares in the last quarter. Institutional investors and hedge funds own 2.58% of the company’s stock.

Shares of Honda Motor Company, Ltd. (NYSE HMC) traded up 0.38% during mid-day trading on Friday, hitting $29.34. 403,471 shares of the stock traded hands. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The firm has a 50 day moving average of $28.13 and a 200 day moving average of $28.60. The company has a market cap of $52.88 billion, a P/E ratio of 8.86 and a beta of 1.01.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $96.93 earnings per share. Equities analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current fiscal year.

Several analysts have commented on HMC shares. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Honda Motor in a research note on Friday, May 26th. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co cut shares of Honda Motor from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Nomura upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.50.

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

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