Wetherby Asset Management Inc. cut its stake in Toyota Motor Corp Ltd Ord (NYSE:TM) by 7.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,043 shares of the company’s stock after selling 1,319 shares during the period. Wetherby Asset Management Inc.’s holdings in Toyota Motor Corp Ltd Ord were worth $1,790,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 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. Highbridge Capital Management LLC acquired a new stake in shares of Toyota Motor Corp Ltd Ord during the fourth quarter valued at $504,000. 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. Quadrant Capital Group LLC boosted its stake in shares of Toyota Motor Corp Ltd Ord by 7.7% in the first quarter. Quadrant Capital Group LLC now owns 1,957 shares of the company’s stock valued at $203,000 after buying an additional 140 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Toyota Motor Corp Ltd Ord by 566.3% in the first quarter. Gradient Investments LLC now owns 2,212 shares of the company’s stock valued at $240,000 after buying an additional 1,880 shares in the last quarter. 0.93% of the stock is currently owned by institutional investors.

Shares of Toyota Motor Corp Ltd Ord (TM) opened at 113.10 on Thursday. The company has a market cap of $168.22 billion, a PE ratio of 10.42 and a beta of 0.62. Toyota Motor Corp Ltd Ord has a 12 month low of $103.62 and a 12 month high of $123.18. The firm’s 50-day moving average is $109.39 and its 200-day moving average is $109.93.

Toyota Motor Corp Ltd Ord (NYSE:TM) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $119.46 by $117.14. The firm 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%. Toyota Motor Corp Ltd Ord’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $38.38 EPS. On average, equities research analysts predict that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current year.

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TM has been the topic of several analyst reports. TheStreet raised shares of Toyota Motor Corp Ltd Ord from a “c+” rating to a “b” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a research report on Monday, June 5th. Jefferies Group LLC set a $116.00 price target on shares of Toyota Motor Corp Ltd Ord and gave the company a “hold” rating in a research report on Saturday, June 10th. BidaskClub raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Daiwa Capital Markets cut shares of Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target 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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