Toyota Motor Corporation $TM Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its position in shares of Toyota Motor Corporation (NYSE:TM) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,400 shares of the company’s stock after selling 7,000 shares during the period. Toyota Motor accounts for about 0.6% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 22nd largest position. New Age Alpha Advisors LLC’s holdings in Toyota Motor were worth $13,571,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of Toyota Motor by 1.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock worth $1,320,279,000 after purchasing an additional 81,564 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Toyota Motor by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares during the last quarter. Northern Trust Corp boosted its position in shares of Toyota Motor by 3.6% in the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after acquiring an additional 36,207 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Toyota Motor by 8.5% in the third quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock worth $88,979,000 after acquiring an additional 36,381 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Toyota Motor by 1.2% in the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock worth $77,819,000 after acquiring an additional 4,689 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TM shares. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Morgan Stanley started coverage on shares of Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Trading Down 0.0%

NYSE TM opened at $189.07 on Monday. Toyota Motor Corporation has a one year low of $167.18 and a one year high of $248.90. The company’s 50 day moving average price is $201.66 and its 200 day moving average price is $213.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The firm has a market capitalization of $246.43 billion, a price-to-earnings ratio of 9.66 and a beta of 0.58.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The company had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, sell-side analysts predict that Toyota Motor Corporation will post 21.69 EPS for the current year.

Toyota Motor Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.