Ritholtz Wealth Management lowered its position in Toyota Motor Corporation (NYSE:TM – Free Report) by 25.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,861 shares of the company’s stock after selling 3,983 shares during the quarter. Ritholtz Wealth Management’s holdings in Toyota Motor were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its holdings in Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after acquiring an additional 128,128 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Toyota Motor by 1.7% during the second quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock worth $1,176,128,000 after purchasing an additional 112,905 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Toyota Motor by 118.3% in the second quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock worth $26,265,000 after purchasing an additional 82,617 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Toyota Motor by 697.7% in the second quarter. Qube Research & Technologies Ltd now owns 36,034 shares of the company’s stock valued at $6,207,000 after purchasing an additional 31,517 shares during the period. Finally, Vantage Investment Partners LLC raised its position in Toyota Motor by 53.2% during the 2nd quarter. Vantage Investment Partners LLC now owns 85,781 shares of the company’s stock worth $14,777,000 after purchasing an additional 29,802 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.
Toyota Motor Price Performance
Shares of NYSE TM opened at $231.54 on Friday. The firm has a market capitalization of $311.99 billion, a P/E ratio of 10.20 and a beta of 0.64. The firm’s 50-day moving average price is $209.41 and its 200-day moving average price is $198.04. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. Toyota Motor Corporation has a 1-year low of $155.00 and a 1-year high of $235.64.
Wall Street Analysts Forecast Growth
TM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, October 8th. Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on TM
About Toyota Motor
Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.
The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.
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