Toyota Motor Corp (TM) Position Lowered by Ballentine Partners LLC

Ballentine Partners LLC cut its position in shares of Toyota Motor Corp (NYSE:TM) by 23.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,747 shares of the company’s stock after selling 522 shares during the period. Ballentine Partners LLC’s holdings in Toyota Motor were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Kiley Juergens Wealth Management LLC bought a new stake in Toyota Motor during the 2nd quarter valued at about $125,000. Cornerstone Wealth Management LLC bought a new stake in Toyota Motor during the 2nd quarter valued at about $128,000. Autus Asset Management LLC bought a new stake in Toyota Motor during the 2nd quarter valued at about $202,000. Ausdal Financial Partners Inc. bought a new stake in Toyota Motor during the 2nd quarter valued at about $205,000. Finally, Brown Advisory Inc. bought a new stake in Toyota Motor during the 2nd quarter valued at about $225,000. 0.73% of the stock is owned by hedge funds and other institutional investors.

NYSE:TM opened at $117.05 on Thursday. Toyota Motor Corp has a one year low of $114.14 and a one year high of $140.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 0.87. The stock has a market capitalization of $172.33 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70.



Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Friday, August 3rd. The company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.73 by $0.35. Toyota Motor had a net margin of 8.52% and a return on equity of 13.25%. The business had revenue of $67.52 billion during the quarter, compared to analyst estimates of $65.87 billion. Research analysts forecast that Toyota Motor Corp will post 14.36 earnings per share for the current year.

TM has been the subject of a number of research analyst reports. Bank of America upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Zacks Investment Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 12th. Finally, ValuEngine lowered shares of Toyota Motor from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $139.50.

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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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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