Park Avenue Securities LLC cut its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 31.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,184 shares of the company’s stock after selling 5,533 shares during the quarter. Park Avenue Securities LLC’s holdings in Toyota Motor were worth $2,231,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Calamos Wealth Management LLC acquired a new stake in Toyota Motor during the 1st quarter worth about $4,279,000. Advisors Preferred LLC grew its stake in Toyota Motor by 660.7% in the 1st quarter. Advisors Preferred LLC now owns 7,432 shares of the company’s stock valued at $1,532,000 after acquiring an additional 6,455 shares during the period. Royal Bank of Canada increased its stake in shares of Toyota Motor by 19.0% during the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock worth $48,888,000 after purchasing an additional 37,893 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Toyota Motor during the first quarter worth approximately $4,279,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Toyota Motor by 87.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 43,292 shares of the company’s stock worth $8,170,000 after purchasing an additional 20,218 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.
Insider Transactions at Toyota Motor
In other Toyota Motor news, President Kenta Kon acquired 85,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on TM. Erste Group Bank raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Weiss Ratings upgraded Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Zacks Research raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $290.00.
View Our Latest Stock Report on TM
Toyota Motor Price Performance
Toyota Motor stock opened at $195.79 on Friday. The stock has a market cap of $255.18 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.61. The company has a fifty day simple moving average of $192.14 and a 200-day simple moving average of $199.18. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.
Toyota Motor (NYSE:TM – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The firm had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Equities analysts expect that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.
About Toyota Motor
Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.
Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.
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