Toyota Motor Corporation $TM Shares Sold by Ethic Inc.

Ethic Inc. lowered its stake in shares of Toyota Motor Corporation (NYSE:TM) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,429 shares of the company’s stock after selling 4,437 shares during the period. Ethic Inc.’s holdings in Toyota Motor were worth $5,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Toyota Motor by 19.0% in the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after acquiring an additional 37,893 shares during the last quarter. Live Oak Private Wealth LLC bought a new position in Toyota Motor during the 2nd quarter worth approximately $6,081,000. Quantinno Capital Management LP boosted its stake in Toyota Motor by 28.7% during the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock worth $32,380,000 after acquiring an additional 35,025 shares during the last quarter. Calamos Wealth Management LLC acquired a new position in Toyota Motor during the first quarter valued at approximately $4,279,000. Finally, Calamos Advisors LLC acquired a new position in Toyota Motor during the first quarter valued at approximately $4,279,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Price Performance

Shares of TM opened at $218.90 on Tuesday. The stock has a market capitalization of $285.29 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.26 and a beta of 0.62. Toyota Motor Corporation has a twelve month low of $166.10 and a twelve month high of $248.90. The company has a 50 day moving average of $193.72 and a 200-day moving average of $198.54. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.73. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The company had revenue of $87.97 billion during the quarter, compared to the consensus estimate of $84.74 billion. As a group, equities research analysts forecast that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the subject of several recent analyst reports. Zacks Research raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $290.00.

Toyota Motor Profile