Commonwealth Equity Services LLC lessened its position in shares of Toyota Motor Corp (NYSE:TM) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,559 shares of the company’s stock after selling 952 shares during the period. Commonwealth Equity Services LLC’s holdings in Toyota Motor were worth $2,028,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TM. Quantbot Technologies LP acquired a new position in shares of Toyota Motor during the first quarter valued at about $135,000. Sandy Spring Bank boosted its holdings in Toyota Motor by 145.9% during the first quarter. Sandy Spring Bank now owns 1,242 shares of the company’s stock worth $162,000 after purchasing an additional 737 shares during the last quarter. Good Life Advisors LLC purchased a new position in Toyota Motor during the fourth quarter worth about $205,000. Trexquant Investment LP purchased a new position in Toyota Motor during the first quarter worth about $200,000. Finally, Commerce Bank purchased a new position in Toyota Motor during the first quarter worth about $208,000. 0.74% of the stock is owned by institutional investors and hedge funds.
TM has been the topic of several research reports. Zacks Investment Research lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. ValuEngine lowered shares of Toyota Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $130.00 price objective on shares of Toyota Motor in a research note on Wednesday, April 11th. Goldman Sachs Group raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research note on Friday, June 1st. Finally, UBS Group raised shares of Toyota Motor from a “sell” rating to a “neutral” rating in a research note on Tuesday, March 27th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.74.
Shares of Toyota Motor stock opened at $127.11 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.02 and a quick ratio of 0.88. Toyota Motor Corp has a 1 year low of $103.84 and a 1 year high of $140.99. The stock has a market capitalization of $188.89 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.56 and a beta of 0.70.
Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, May 8th. The company reported $3.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.61 by $0.39. The firm had revenue of $69.99 billion for the quarter, compared to the consensus estimate of $40.55 billion. Toyota Motor had a net margin of 8.46% and a return on equity of 13.06%. equities research analysts expect that Toyota Motor Corp will post 14.57 earnings per share for the current fiscal year.
Toyota Motor Company Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. The company operates through Automotive, Financial Services, and All Other segments. It offers hybrid cars under the Prius, Voxy/Noah, NX300h, RC300h, Esquire, Alphard, Vellfire, Sienta, RX-HV, Auris, C-HR, and LC names; fuel cell passenger vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla sedan, Yaris, Vitz, Aygo, Corolla Axio/Fielder, Porte, Spade, Auris, Etios, Vios, AGYA, and Yaris iA brand names.
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