Bank Julius Baer & Co. Ltd Zurich Sells 4,833 Shares of Toyota Motor Corporation $TM

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Toyota Motor Corporation (NYSE:TM) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,034 shares of the company’s stock after selling 4,833 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Toyota Motor were worth $3,432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TM. Brighton Jones LLC grew its position in shares of Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after acquiring an additional 476 shares during the period. AQR Capital Management LLC grew its position in shares of Toyota Motor by 57.9% during the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares during the period. Baird Financial Group Inc. grew its position in shares of Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares during the period. Marshall Wace LLP bought a new stake in shares of Toyota Motor during the 2nd quarter valued at $864,000. Finally, Brown Advisory Inc. grew its position in shares of Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after acquiring an additional 230 shares during the period. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TM. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley began coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Trading Up 0.2%

Shares of Toyota Motor stock opened at $190.83 on Friday. The company has a market capitalization of $248.71 billion, a P/E ratio of 9.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The company has a fifty day moving average of $204.87 and a 200 day moving average of $213.67. Toyota Motor Corporation has a fifty-two week low of $167.18 and a fifty-two week high of $248.90.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, sell-side analysts anticipate that Toyota Motor Corporation will post 16.02 earnings per share for the current fiscal year.

Toyota Motor Profile

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.