HighTower Advisors LLC trimmed its stake in Toyota Motor Co. (NYSE:TM - Free Report) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,552 shares of the company's stock after selling 9,020 shares during the period. HighTower Advisors LLC's holdings in Toyota Motor were worth $9,190,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Highline Wealth Partners LLC acquired a new stake in shares of Toyota Motor in the 3rd quarter worth $27,000. Jamison Private Wealth Management Inc. lifted its stake in shares of Toyota Motor by 300.0% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company's stock worth $30,000 after acquiring an additional 126 shares during the period. POM Investment Strategies LLC lifted its stake in shares of Toyota Motor by 292.1% in the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company's stock worth $31,000 after acquiring an additional 111 shares during the period. Grove Bank & Trust acquired a new stake in shares of Toyota Motor in the 3rd quarter worth $32,000. Finally, Field & Main Bank lifted its stake in shares of Toyota Motor by 300.0% in the 2nd quarter. Field & Main Bank now owns 180 shares of the company's stock worth $37,000 after acquiring an additional 135 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.
Toyota Motor Stock Performance
Shares of TM stock traded up $1.02 during mid-day trading on Monday, hitting $176.97. The stock had a trading volume of 375,084 shares, compared to its average volume of 327,482. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The firm has a market cap of $238.45 billion, a PE ratio of 8.41, a PEG ratio of 0.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. The company's 50-day simple moving average is $173.99 and its 200-day simple moving average is $185.92.
Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing the consensus estimate of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The company had revenue of $76.92 billion during the quarter, compared to analyst estimates of $79.78 billion. Sell-side analysts anticipate that Toyota Motor Co. will post 21.56 earnings per share for the current year.
About Toyota Motor
(
Free Report)
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
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