Optas LLC Sells 485 Shares of Toyota Motor Co. (NYSE:TM)

Optas LLC reduced its holdings in shares of Toyota Motor Co. (NYSE:TM) by 15.1% during the first quarter, HoldingsChannel reports. The firm owned 2,733 shares of the company’s stock after selling 485 shares during the period. Optas LLC’s holdings in Toyota Motor were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after acquiring an additional 476 shares during the period. Savant Capital LLC raised its holdings in shares of Toyota Motor by 50.4% during the fourth quarter. Savant Capital LLC now owns 2,425 shares of the company’s stock valued at $472,000 after purchasing an additional 813 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Toyota Motor by 10.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,385 shares of the company’s stock valued at $1,233,000 after purchasing an additional 587 shares during the last quarter. ABC Arbitrage SA bought a new position in Toyota Motor during the fourth quarter valued at approximately $2,622,000. Finally, Roxbury Financial LLC purchased a new stake in Toyota Motor in the fourth quarter worth approximately $41,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TM. DZ Bank lowered Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Toyota Motor Price Performance

Shares of Toyota Motor stock opened at $178.69 on Friday. The stock has a market cap of $240.76 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.35 and a beta of 0.65. 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 stock’s fifty day moving average is $183.59 and its 200 day moving average is $183.35. Toyota Motor Co. has a one year low of $155.00 and a one year high of $208.86.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. The business had revenue of $81.09 billion during the quarter, compared to analysts’ expectations of $78.47 billion. Sell-side analysts anticipate that Toyota Motor Co. will post 19.76 earnings per share for the current year.

About Toyota Motor

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.