Legacy Wealth Asset Management LLC Sells 701 Shares of Toyota Motor Co. (NYSE:TM)

Legacy Wealth Asset Management LLC lessened its stake in shares of Toyota Motor Co. (NYSE:TM) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,470 shares of the company’s stock after selling 701 shares during the period. Toyota Motor makes up about 0.8% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. Legacy Wealth Asset Management LLC’s holdings in Toyota Motor were worth $2,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TM. Criterion Capital Advisors LLC purchased a new stake in shares of Toyota Motor during the fourth quarter valued at approximately $26,000. Northwest Financial Advisors bought a new position in Toyota Motor in the 4th quarter valued at approximately $34,000. Richardson Financial Services Inc. purchased a new stake in Toyota Motor during the 4th quarter valued at $37,000. BKM Wealth Management LLC bought a new stake in shares of Toyota Motor in the 4th quarter worth $39,000. Finally, Pacifica Partners Inc. raised its stake in shares of Toyota Motor by 53.3% in the fourth quarter. Pacifica Partners Inc. now owns 230 shares of the company’s stock worth $43,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM traded up $0.04 during mid-day trading on Thursday, hitting $206.25. 212,267 shares of the company traded hands, compared to its average volume of 325,133. The stock has a market cap of $277.91 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.35 and a beta of 0.68. The stock has a 50-day moving average price of $213.35 and a two-hundred day moving average price of $217.71. Toyota Motor Co. has a 1 year low of $157.50 and a 1 year high of $255.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.19.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, May 8th. The company reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $2.08. The business had revenue of $74.56 billion during the quarter, compared to analyst estimates of $67.21 billion. Toyota Motor had a net margin of 10.99% and a return on equity of 14.82%. Equities analysts anticipate that Toyota Motor Co. will post 22.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Erste Group Bank reiterated a “hold” rating on shares of Toyota Motor in a report on Friday, June 14th.

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.