HITE Hedge Asset Management LLC lowered its stake in Toyota Motor Corporation (NYSE:TM – Free Report) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,609 shares of the company’s stock after selling 63,096 shares during the period. HITE Hedge Asset Management LLC’s holdings in Toyota Motor were worth $10,833,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in TM. DeDora Capital Inc. raised its stake in shares of Toyota Motor by 2.1% in the 4th quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after acquiring an additional 45 shares during the period. Independence Bank of Kentucky raised its stake in shares of Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after acquiring an additional 46 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the period. J2 Capital Management Inc raised its stake in shares of Toyota Motor by 2.4% in the 4th quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock valued at $455,000 after acquiring an additional 50 shares during the period. Finally, Seven Mile Advisory raised its stake in shares of Toyota Motor by 4.1% in the 3rd quarter. Seven Mile Advisory now owns 1,400 shares of the company’s stock valued at $268,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on TM. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley began coverage on shares of Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating on the stock. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toyota Motor currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.
Toyota Motor Price Performance
Shares of TM opened at $175.06 on Friday. Toyota Motor Corporation has a fifty-two week low of $167.18 and a fifty-two week high of $248.90. The firm’s 50 day moving average price is $193.36 and its 200 day moving average price is $210.94. The company has a market cap of $228.16 billion, a P/E ratio of 8.94 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62.
Toyota Motor (NYSE:TM – Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion for the quarter. On average, research analysts forecast that Toyota Motor Corporation will post 21.06 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.
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