Mission Wealth Management LP Decreases Stock Holdings in Toyota Motor Co. (NYSE:TM)

Mission Wealth Management LP lessened its holdings in Toyota Motor Co. (NYSE:TM) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,039 shares of the company’s stock after selling 120 shares during the quarter. Mission Wealth Management LP’s holdings in Toyota Motor were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of Toyota Motor by 2.5% during the third quarter. Morgan Stanley now owns 1,623,169 shares of the company’s stock valued at $291,765,000 after purchasing an additional 40,254 shares during the period. FMR LLC lifted its holdings in Toyota Motor by 6.2% in the 3rd quarter. FMR LLC now owns 610,358 shares of the company’s stock worth $109,712,000 after buying an additional 35,642 shares in the last quarter. Northern Trust Corp boosted its position in Toyota Motor by 2.8% in the 3rd quarter. Northern Trust Corp now owns 576,363 shares of the company’s stock valued at $103,601,000 after buying an additional 15,570 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Toyota Motor by 113.5% during the third quarter. Natixis Advisors L.P. now owns 262,557 shares of the company’s stock valued at $47,195,000 after acquiring an additional 139,582 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Toyota Motor during the fourth quarter worth about $31,855,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TM has been the subject of a number of analyst reports. Nomura downgraded Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Friday, January 19th.

Toyota Motor Stock Up 0.9 %

TM stock opened at $232.84 on Friday. The firm has a market cap of $315.46 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.39 and a beta of 0.72. Toyota Motor Co. has a 1-year low of $134.88 and a 1-year high of $255.23. The firm has a fifty day moving average price of $240.00 and a two-hundred day moving average price of $209.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.02.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $3.15. Toyota Motor had a return on equity of 14.13% and a net margin of 10.22%. The business had revenue of $81.54 billion for the quarter, compared to the consensus estimate of $73.72 billion. Research analysts predict that Toyota Motor Co. will post 22.85 EPS for the current year.

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.