Toyota Motor Corporation $TM Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its stake in shares of Toyota Motor Corporation (NYSE:TM) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,627 shares of the company’s stock after selling 3,013 shares during the quarter. Quadrant Capital Group LLC’s holdings in Toyota Motor were worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its position in shares of Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Toyota Motor by 1.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock worth $1,176,128,000 after purchasing an additional 112,905 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Toyota Motor by 118.3% during the second quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock valued at $26,265,000 after purchasing an additional 82,617 shares during the last quarter. American Century Companies Inc. boosted its holdings in Toyota Motor by 18.3% during the third quarter. American Century Companies Inc. now owns 332,180 shares of the company’s stock worth $63,476,000 after buying an additional 51,284 shares in the last quarter. Finally, Cullen Capital Management LLC boosted its holdings in Toyota Motor by 25.2% during the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after buying an additional 39,620 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Stock Up 0.7%

TM stock opened at $221.12 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a market capitalization of $288.19 billion, a P/E ratio of 11.66 and a beta of 0.60. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $248.90. The company’s 50 day simple moving average is $230.85 and its 200-day simple moving average is $211.73.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The firm had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. As a group, equities research analysts anticipate that Toyota Motor Corporation will post 19.76 EPS for the current year.

Analyst Upgrades and Downgrades

TM has been the topic of several research reports. Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. BNP Paribas Exane started coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.