Cumberland Partners Ltd lowered its stake in Toyota Motor Corp Ltd Ord (NYSE:TM) by 37.7% during the second quarter, Holdings Channel reports. The institutional investor owned 20,075 shares of the company’s stock after selling 12,165 shares during the period. Cumberland Partners Ltd’s holdings in Toyota Motor Corp Ltd Ord were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Toyota Motor Corp Ltd Ord by 9.4% in the first quarter. Creative Planning now owns 10,876 shares of the company’s stock valued at $1,181,000 after buying an additional 930 shares in the last quarter. Geneva Advisors LLC boosted its stake in shares of Toyota Motor Corp Ltd Ord by 5.0% in the first quarter. Geneva Advisors LLC now owns 13,432 shares of the company’s stock valued at $1,459,000 after buying an additional 641 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Toyota Motor Corp Ltd Ord by 31.3% in the first quarter. Systematic Financial Management LP now owns 13,000 shares of the company’s stock valued at $1,412,000 after buying an additional 3,100 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Toyota Motor Corp Ltd Ord during the first quarter valued at $174,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Toyota Motor Corp Ltd Ord by 2.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 53,646 shares of the company’s stock valued at $6,287,000 after buying an additional 1,398 shares in the last quarter. 0.93% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Corp Ltd Ord (NYSE TM) opened at 112.38 on Friday. Toyota Motor Corp Ltd Ord has a 52-week low of $103.62 and a 52-week high of $123.18. The stock’s 50 day moving average price is $109.62 and its 200 day moving average price is $109.95. The firm has a market capitalization of $167.16 billion, a price-to-earnings ratio of 9.98 and a beta of 0.62.

Toyota Motor Corp Ltd Ord (NYSE:TM) last issued its earnings results on Wednesday, May 10th. The company reported $2.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $119.46 by $117.14. The business had revenue of $7,442.47 billion during the quarter, compared to the consensus estimate of $6,993.26 billion. Toyota Motor Corp Ltd Ord had a return on equity of 10.39% and a net margin of 6.74%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $38.38 earnings per share. On average, equities analysts anticipate that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on TM. Zacks Investment Research upgraded Toyota Motor Corp Ltd Ord from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, June 23rd. Bank of America Corporation lowered Toyota Motor Corp Ltd Ord from a “neutral” rating to an “underperform” rating and set a $108.22 target price for the company. in a research report on Tuesday, July 11th. BidaskClub lowered Toyota Motor Corp Ltd Ord from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Daiwa Capital Markets lowered Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 28th. Finally, TheStreet upgraded Toyota Motor Corp Ltd Ord from a “c+” rating to a “b” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $115.07.

About Toyota Motor Corp Ltd Ord

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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Institutional Ownership by Quarter for Toyota Motor Corp Ltd Ord (NYSE:TM)

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