Toyota Motor Corp (TM) Stake Decreased by Connor Clark & Lunn Investment Management Ltd.
Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Toyota Motor Corp (NYSE:TM) by 30.5% in the 4th quarter, Holdings Channel reports. The firm owned 8,900 shares of the company’s stock after selling 3,900 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Toyota Motor were worth $1,033,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Clean Yield Group purchased a new stake in Toyota Motor during the fourth quarter valued at $30,000. Lenox Wealth Management Inc. increased its position in Toyota Motor by 60.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 344 shares of the company’s stock worth $40,000 after buying an additional 130 shares in the last quarter. Trust Co. of Vermont increased its position in Toyota Motor by 104.8% in the fourth quarter. Trust Co. of Vermont now owns 381 shares of the company’s stock worth $44,000 after buying an additional 195 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Toyota Motor in the fourth quarter worth about $46,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Toyota Motor in the fourth quarter worth about $46,000. Institutional investors own 0.70% of the company’s stock.
A number of brokerages have commented on TM. ValuEngine cut Toyota Motor from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. JPMorgan Chase & Co. raised Toyota Motor from a “neutral” rating to an “overweight” rating in a research note on Monday, November 19th. Zacks Investment Research raised Toyota Motor from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a research note on Tuesday, February 5th. Finally, Jefferies Financial Group raised Toyota Motor from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Toyota Motor presently has an average rating of “Buy” and an average price target of $134.00.
Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.69). Toyota Motor had a net margin of 6.36% and a return on equity of 9.71%. The firm had revenue of $69.21 billion for the quarter, compared to the consensus estimate of $68.22 billion. Equities research analysts predict that Toyota Motor Corp will post 12.74 earnings per share for the current fiscal year.
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Toyota Motor Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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