Bank of America Corp DE Sells 393,831 Shares of Toyota Motor Co. (NYSE:TM)

Bank of America Corp DE cut its holdings in Toyota Motor Co. (NYSE:TM) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 554,491 shares of the company’s stock after selling 393,831 shares during the quarter. Bank of America Corp DE’s holdings in Toyota Motor were worth $107,909,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new position in shares of Toyota Motor in the 4th quarter worth approximately $1,167,000. Strategic Financial Concepts LLC purchased a new stake in shares of Toyota Motor in the fourth quarter valued at $2,140,000. SVB Wealth LLC bought a new stake in shares of Toyota Motor in the 4th quarter worth about $447,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Toyota Motor by 17.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company’s stock worth $13,991,000 after purchasing an additional 10,576 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in Toyota Motor by 119.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,556 shares of the company’s stock valued at $498,000 after purchasing an additional 1,390 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Toyota Motor stock opened at $187.52 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The company has a market capitalization of $252.67 billion, a PE ratio of 7.74, a P/E/G ratio of 0.35 and a beta of 0.67. The company has a 50 day moving average price of $182.12 and a 200-day moving average price of $181.31. Toyota Motor Co. has a fifty-two week low of $155.00 and a fifty-two week high of $221.09.

Toyota Motor (NYSE:TM) last issued its earnings results on Wednesday, May 14th. The company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.47. The business had revenue of $81.09 billion during the quarter, compared to analyst estimates of $11,956.52 billion. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. As a group, equities analysts forecast that Toyota Motor Co. will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TM shares. CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 5th. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein began coverage on Toyota Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Toyota Motor currently has a consensus rating of “Hold”.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.