Citigroup Inc. Sells 5,797 Shares of Toyota Motor Co. (NYSE:TM)

Posted by on Sep 5th, 2023

Citigroup Inc. decreased its holdings in shares of Toyota Motor Co. (NYSE:TM – Free Report) by 22.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,565 shares of the company’s stock after selling 5,797 shares during the period. Citigroup Inc.’s holdings in Toyota Motor were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TM. Guardian Financial Partners LLC increased its stake in shares of Toyota Motor by 5.0% in the first quarter. Guardian Financial Partners LLC now owns 1,585 shares of the company’s stock worth $225,000 after purchasing an additional 75 shares in the last quarter. Harbour Investments Inc. raised its holdings in Toyota Motor by 15.2% during the fourth quarter. Harbour Investments Inc. now owns 576 shares of the company’s stock valued at $79,000 after acquiring an additional 76 shares during the period. Capital Advisors Wealth Management LLC lifted its position in shares of Toyota Motor by 3.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 2,444 shares of the company’s stock valued at $334,000 after acquiring an additional 80 shares in the last quarter. Abundance Wealth Counselors boosted its stake in shares of Toyota Motor by 3.9% in the first quarter. Abundance Wealth Counselors now owns 2,142 shares of the company’s stock worth $303,000 after acquiring an additional 80 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Toyota Motor by 18.1% during 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. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

Shares of Toyota Motor stock opened at $172.54 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. Toyota Motor Co. has a 12 month low of $130.07 and a 12 month high of $175.37. The stock has a 50 day moving average of $164.82 and a 200 day moving average of $149.57. The firm has a market cap of $233.76 billion, a PE ratio of 10.65, a PEG ratio of 0.50 and a beta of 0.68.

Toyota Motor (NYSE:TM – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported $7.05 EPS for the quarter, beating analysts’ consensus estimates of $3.92 by $3.13. Toyota Motor had a return on equity of 10.31% and a net margin of 7.70%. The firm had revenue of $76.85 billion during the quarter, compared to the consensus estimate of $69.98 billion. On average, research analysts expect that Toyota Motor Co. will post 16.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com began coverage on Toyota Motor in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Citigroup raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Morgan Stanley cut shares of Toyota Motor from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Toyota Motor has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Toyota Motor

Toyota Motor Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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