Shares of Toyota Motor Corp (NYSE:TM) saw strong trading volume on Wednesday . 393,121 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 401,143 shares.The stock last traded at $118.87 and had previously closed at $117.28.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Toyota Motor Corp from a “hold” rating to a “strong sell” rating in a report on Friday, May 13th. Jefferies Group decreased their price target on shares of Toyota Motor Corp from $114.78 to $113.64 and set a “hold” rating on the stock in a report on Friday, May 13th. Finally, Mizuho cut shares of Toyota Motor Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Toyota Motor Corp presently has a consensus rating of “Hold” and a consensus target price of $108.54.

The company’s 50-day moving average price is $109.66 and its 200-day moving average price is $106.12. The stock has a market cap of $179.47 billion and a price-to-earnings ratio of 8.50.

Other hedge funds and institutional investors have modified their holdings of the company. Autus Asset Management LLC acquired a new position in shares of Toyota Motor Corp during the fourth quarter valued at $1,106,000. Bank of Montreal Can boosted its position in shares of Toyota Motor Corp by 25.5% in the fourth quarter. Bank of Montreal Can now owns 20,353 shares of the company’s stock valued at $2,504,000 after buying an additional 4,139 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Toyota Motor Corp by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 685,252 shares of the company’s stock valued at $84,313,000 after buying an additional 6,424 shares in the last quarter.

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