Goldman Sachs Group Inc. Reduces Position in Toyota Motor Corporation $TM

Goldman Sachs Group Inc. decreased its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149,698 shares of the company’s stock after selling 77,191 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Toyota Motor were worth $246,104,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TM. Prime Capital Investment Advisors LLC grew its holdings in shares of Toyota Motor by 224.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock valued at $1,710,000 after purchasing an additional 5,527 shares during the period. Clark Capital Management Group Inc. grew its holdings in shares of Toyota Motor by 46.2% in the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock valued at $63,142,000 after purchasing an additional 104,471 shares during the period. Caprock Group LLC purchased a new stake in shares of Toyota Motor in the third quarter valued at about $1,323,000. American Century Companies Inc. grew its holdings in shares of Toyota Motor by 18.3% in the third quarter. American Century Companies Inc. now owns 332,180 shares of the company’s stock valued at $63,476,000 after purchasing an additional 51,284 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Toyota Motor in the fourth quarter valued at about $1,651,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Down 1.4%

NYSE TM opened at $176.96 on Friday. The firm’s 50-day moving average is $196.53 and its two-hundred day moving average is $211.66. Toyota Motor Corporation has a 12 month low of $167.18 and a 12 month high of $248.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The stock has a market capitalization of $230.63 billion, a P/E ratio of 9.04 and a beta of 0.57.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The company had revenue of $76.81 billion for the quarter. On average, sell-side analysts anticipate that Toyota Motor Corporation will post 21.66 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TM. Zacks Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley began coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Finally, DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor 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.