Royal Bank of Canada Sells 1,130 Shares of Toyota Motor Co. (NYSE:TM)

Royal Bank of Canada lessened its stake in shares of Toyota Motor Co. (NYSE:TM – Get Rating) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,379 shares of the company’s stock after selling 1,130 shares during the quarter. Royal Bank of Canada’s holdings in Toyota Motor were worth $14,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC bought a new position in shares of Toyota Motor during the third quarter valued at approximately $34,000. CoreCap Advisors LLC bought a new position in Toyota Motor in the second quarter valued at about $44,000. Adirondack Trust Co. lifted its holdings in Toyota Motor by 80.0% in the third quarter. Adirondack Trust Co. now owns 315 shares of the company’s stock valued at $41,000 after acquiring an additional 140 shares during the period. Montag A & Associates Inc. raised its stake in shares of Toyota Motor by 62.5% in the second quarter. Montag A & Associates Inc. now owns 325 shares of the company’s stock worth $50,000 after buying an additional 125 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of Toyota Motor in the third quarter worth about $69,000.

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Toyota Motor Stock Performance

NYSE:TM opened at $139.08 on Wednesday. Toyota Motor Co. has a one year low of $130.07 and a one year high of $186.00. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $141.47 and a 200 day moving average price of $141.17.

Analysts Set New Price Targets

TM has been the subject of several research analyst reports. StockNews.com cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. TheStreet raised Toyota Motor from a “c+” rating to a “b” rating in a research report on Monday, February 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,239.71.

Toyota Motor Profile

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Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services, and All Other. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories.

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