Trade Report: Today, Highland Capital Management LLC Maintains Stake in Honda Motor Co. (HMC)

Today, Highland Capital Management LLC Maintains Stake in Honda Motor Co. (HMC)

Highland Capital Management LLC continued to hold its stake in Honda Motor Co. (NYSE:HMC) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,256 shares of the company’s stock at the end of the third quarter. Highland Capital Management LLC’s holdings in Honda Motor were worth $2,408,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. increased its stake in Honda Motor by 0.7% in the second quarter. Sunbelt Securities Inc. now owns 7,235 shares of the company’s stock worth $183,000 after buying an additional 51 shares during the period. M&T Bank Corp increased its stake in Honda Motor by 0.9% in the second quarter. M&T Bank Corp now owns 10,574 shares of the company’s stock worth $268,000 after buying an additional 91 shares during the period. Glenmede Trust Co. NA increased its stake in Honda Motor by 4.3% in the second quarter. Glenmede Trust Co. NA now owns 6,591 shares of the company’s stock worth $166,000 after buying an additional 270 shares during the period. National Asset Management Inc. increased its stake in Honda Motor by 3.6% in the second quarter. National Asset Management Inc. now owns 8,099 shares of the company’s stock worth $207,000 after buying an additional 280 shares during the period. Finally, Balentine LLC increased its stake in Honda Motor by 5.8% in the second quarter. Balentine LLC now owns 5,397 shares of the company’s stock worth $137,000 after buying an additional 297 shares during the period. 2.77% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Co. (NYSE:HMC) traded down 0.44% on Monday, reaching $29.28. 557,261 shares of the company’s stock traded hands. The stock has a 50-day moving average of $29.03 and a 200 day moving average of $28.23. Honda Motor Co. has a 52 week low of $24.03 and a 52 week high of $33.42. The firm has a market capitalization of $52.77 billion, a P/E ratio of 15.31 and a beta of 1.21.

A number of brokerages recently weighed in on HMC. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, August 1st. TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Honda Motor presently has a consensus rating of “Hold” and an average target price of $32.40.

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.

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