Heritage Investors Management Corp Cuts Position in Toyota Motor Co. (NYSE:TM)

Heritage Investors Management Corp trimmed its holdings in shares of Toyota Motor Co. (NYSE:TM) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,800 shares of the company’s stock after selling 532 shares during the period. Heritage Investors Management Corp’s holdings in Toyota Motor were worth $8,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TM. Global Retirement Partners LLC increased its position in shares of Toyota Motor by 3.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,524 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Toyota Motor by 1.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,612 shares of the company’s stock worth $649,000 after acquiring an additional 52 shares during the period. Keel Point LLC boosted its stake in Toyota Motor by 3.8% in the fourth quarter. Keel Point LLC now owns 1,630 shares of the company’s stock valued at $299,000 after acquiring an additional 60 shares during the last quarter. Optas LLC grew its position in shares of Toyota Motor by 4.9% during the 3rd quarter. Optas LLC now owns 1,323 shares of the company’s stock valued at $238,000 after acquiring an additional 62 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Toyota Motor by 2.2% during the 3rd quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $525,000 after purchasing an additional 62 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on TM shares. StockNews.com lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Nomura lowered Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st.

Toyota Motor Stock Performance

TM traded down $4.48 on Thursday, hitting $227.30. The company’s stock had a trading volume of 329,000 shares, compared to its average volume of 296,131. The company’s 50 day simple moving average is $239.66 and its 200-day simple moving average is $210.92. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. Toyota Motor Co. has a 12 month low of $135.15 and a 12 month high of $255.23. The firm has a market cap of $307.95 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.39 and a beta of 0.72.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $3.15. Toyota Motor had a return on equity of 14.13% and a net margin of 10.22%. The firm had revenue of $81.54 billion during the quarter, compared to analyst estimates of $73.72 billion. Analysts forecast that Toyota Motor Co. will post 22.85 EPS for the current year.

Toyota Motor 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.