JPMorgan Chase & Co. Cuts Stock Position in Toyota Motor Co. (NYSE:TM)

JPMorgan Chase & Co. reduced its stake in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 41.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,058 shares of the company's stock after selling 36,288 shares during the period. JPMorgan Chase & Co.'s holdings in Toyota Motor were worth $9,296,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TM. Highline Wealth Partners LLC purchased a new stake in Toyota Motor during the third quarter valued at about $27,000. Jamison Private Wealth Management Inc. raised its position in shares of Toyota Motor by 300.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company's stock valued at $30,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its stake in shares of Toyota Motor by 188.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company's stock valued at $52,000 after buying an additional 192 shares in the last quarter. Finally, HM Payson & Co. bought a new position in Toyota Motor in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

Toyota Motor Price Performance

NYSE TM traded up $2.08 during trading hours on Tuesday, hitting $185.33. The company had a trading volume of 326,034 shares, compared to its average volume of 502,917. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23. The firm has a market capitalization of $249.72 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.31 and a beta of 0.63. Toyota Motor Co. has a 52 week low of $159.04 and a 52 week high of $255.23. The firm has a 50 day simple moving average of $179.83 and a 200 day simple moving average of $182.15.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts' consensus estimates of $4.39 by ($1.49). The firm had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. Equities research analysts expect that Toyota Motor Co. will post 21.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Toyota Motor from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th.

Toyota Motor Profile

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.