Ritholtz Wealth Management Lowers Position in Toyota Motor Co. (NYSE:TM)

Ritholtz Wealth Management lowered its holdings in Toyota Motor Co. (NYSE:TM) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,409 shares of the company’s stock after selling 525 shares during the quarter. Ritholtz Wealth Management’s holdings in Toyota Motor were worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TM. Stifel Financial Corp increased its position in shares of Toyota Motor by 7.3% during the 3rd quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after purchasing an additional 21,092 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Toyota Motor by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after purchasing an additional 160,720 shares during the last quarter. Atom Investors LP bought a new position in shares of Toyota Motor during the 3rd quarter valued at about $841,000. FNY Investment Advisers LLC bought a new position in shares of Toyota Motor during the 4th quarter valued at about $1,167,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Toyota Motor during the 3rd quarter valued at about $664,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

Toyota Motor Price Performance

TM opened at $181.30 on Friday. The stock’s 50 day simple moving average is $180.03 and its 200 day simple moving average is $182.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23. The firm has a market cap of $244.29 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.35 and a beta of 0.63.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.39 by ($1.49). The company had revenue of $76.92 billion for the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. As a group, analysts predict that Toyota Motor Co. will post 19.9 earnings per share for the current year.

About Toyota Motor

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.