Ballentine Partners LLC cut its position in Toyota Motor Co. (NYSE:TM – Free Report) by 16.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,093 shares of the company’s stock after selling 407 shares during the period. Ballentine Partners LLC’s holdings in Toyota Motor were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC increased its stake in shares of Toyota Motor by 48.0% in the first quarter. Caprock Group LLC now owns 4,785 shares of the company’s stock worth $678,000 after purchasing an additional 1,551 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Toyota Motor by 18.1% in the first quarter. Hexagon Capital Partners LLC now owns 561 shares of the company’s stock worth $79,000 after purchasing an additional 86 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Toyota Motor by 266.7% in the first quarter. Penserra Capital Management LLC now owns 2,904 shares of the company’s stock worth $411,000 after purchasing an additional 2,112 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Toyota Motor by 1.0% in the first quarter. Legacy Wealth Asset Management LLC now owns 14,171 shares of the company’s stock worth $2,008,000 after purchasing an additional 136 shares in the last quarter. Finally, Bogart Wealth LLC increased its stake in shares of Toyota Motor by 68.0% in the first quarter. Bogart Wealth LLC now owns 336 shares of the company’s stock worth $48,000 after purchasing an additional 136 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on TM shares. Citigroup upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 29th. Morgan Stanley lowered shares of Toyota Motor from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Finally, StockNews.com upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Toyota Motor Trading Down 0.7 %
Toyota Motor (NYSE:TM – Get Free Report) last released its earnings results on Wednesday, May 10th. The company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.24. The firm had revenue of $73.28 billion during the quarter, compared to analyst estimates of $68.77 billion. Toyota Motor had a net margin of 6.61% and a return on equity of 8.60%. Research analysts expect that Toyota Motor Co. will post 16.66 EPS for the current year.
Toyota Motor Company Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.
Recommended Stories
- Five stocks we like better than Toyota Motor
- MarketBeat Week in Review – 7/10 – 7/14
- Wells Fargo’s Earnings, Why Markets Are Loving The Stock
- Citigroup Leads Banking Earnings, What’s Next?
- BlackRock Kicks Off Financials Earnings Season, Gauge To Markets
- JPMorgan Chase Is In Reversal But Don’t Chase It Higher
Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Co. (NYSE:TM – Free Report).
Receive News & Ratings for Toyota Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor and related companies with MarketBeat.com's FREE daily email newsletter.
