Gradient Investments LLC cut its holdings in Toyota Motor Corp (NYSE:TM) by 13.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,186 shares of the company’s stock after selling 1,791 shares during the quarter. Gradient Investments LLC’s holdings in Toyota Motor were worth $1,504,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. raised its stake in Toyota Motor by 22.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 526 shares of the company’s stock valued at $66,000 after buying an additional 96 shares during the last quarter. Sage Rhino Capital LLC raised its stake in shares of Toyota Motor by 4.2% in the second quarter. Sage Rhino Capital LLC now owns 2,358 shares of the company’s stock worth $292,000 after purchasing an additional 96 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Toyota Motor by 1.7% in the second quarter. Gabelli Funds LLC now owns 6,000 shares of the company’s stock worth $744,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. raised its stake in shares of Toyota Motor by 6.5% in the second quarter. Assetmark Inc. now owns 1,683 shares of the company’s stock worth $209,000 after purchasing an additional 103 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of Toyota Motor by 31.5% in the second quarter. Rehmann Capital Advisory Group now owns 513 shares of the company’s stock worth $64,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 0.82% of the company’s stock.
Several research analysts have recently issued reports on TM shares. Morgan Stanley cut Toyota Motor from an “equal” rating to an “underweight” rating in a research note on Thursday, September 5th. Zacks Investment Research cut Toyota Motor from a “hold” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $140.00.
Shares of NYSE:TM opened at $135.32 on Friday. Toyota Motor Corp has a 52-week low of $111.12 and a 52-week high of $138.41. The stock has a market cap of $185.60 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.01 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $133.23 and a 200-day moving average price of $126.44.
Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Friday, August 2nd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.43. The firm had revenue of $69.57 billion during the quarter, compared to analysts’ expectations of $67.96 billion. Toyota Motor had a return on equity of 9.54% and a net margin of 6.28%. As a group, equities analysts anticipate that Toyota Motor Corp will post 15.11 EPS for the current fiscal year.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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