Toyota Motor Corporation $TM Stake Cut by Quadrant Capital Group LLC

Quadrant Capital Group LLC cut its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 9.5% in the third quarter, HoldingsChannel reports. The fund owned 28,627 shares of the company’s stock after selling 3,013 shares during the quarter. Quadrant Capital Group LLC’s holdings in Toyota Motor were worth $5,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TM. Grey Ledge Advisors LLC purchased a new stake in shares of Toyota Motor during the third quarter worth $1,556,000. Federated Hermes Inc. boosted its position in Toyota Motor by 22,450.6% during the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock valued at $3,663,000 after purchasing an additional 19,083 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Toyota Motor by 21.4% in the second quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock valued at $2,939,000 after purchasing an additional 3,012 shares in the last quarter. Cullen Capital Management LLC grew its stake in Toyota Motor by 25.2% in the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock valued at $37,667,000 after purchasing an additional 39,620 shares in the last quarter. Finally, Walleye Capital LLC increased its position in Toyota Motor by 340.3% in the 2nd quarter. Walleye Capital LLC now owns 37,147 shares of the company’s stock worth $6,399,000 after purchasing an additional 28,711 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE TM opened at $221.12 on Wednesday. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $248.90. The stock’s 50-day moving average is $230.85 and its two-hundred day moving average is $211.73. The firm has a market cap of $288.19 billion, a P/E ratio of 11.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $1.91. The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. On average, analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. 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. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, BNP Paribas Exane started coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toyota Motor has an average rating of “Moderate Buy” and a consensus target price of $290.00.

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.