Cary Street Partners Investment Advisory LLC Reduces Stake in Toyota Motor Co. (NYSE:TM)

Cary Street Partners Investment Advisory LLC lowered its holdings in Toyota Motor Co. (NYSE:TM) by 74.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,772 shares of the company’s stock after selling 19,729 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Toyota Motor were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC lifted its holdings in Toyota Motor by 3.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,524 shares of the company’s stock worth $298,000 after buying an additional 51 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings 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 in the last quarter. Keel Point LLC boosted its holdings in Toyota Motor by 3.8% in the fourth quarter. Keel Point LLC now owns 1,630 shares of the company’s stock worth $299,000 after acquiring an additional 60 shares in the last quarter. Optas LLC boosted its holdings in Toyota Motor by 4.9% in the third quarter. Optas LLC now owns 1,323 shares of the company’s stock worth $238,000 after acquiring an additional 62 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Toyota Motor by 2.2% in the third quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock worth $525,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

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

Toyota Motor Stock Down 0.2 %

Shares of TM stock traded down $0.40 during mid-day trading on Tuesday, hitting $227.54. The company’s stock had a trading volume of 147,663 shares, compared to its average volume of 296,924. Toyota Motor Co. has a 52-week low of $134.25 and a 52-week high of $255.23. The business has a 50-day moving average price of $240.07 and a 200 day moving average price of $208.48. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.18. The stock has a market cap of $308.28 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.38 and a beta of 0.69.

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