Moran Wealth Management LLC Reduces Position in Toyota Motor Co. (NYSE:TM)

Moran Wealth Management LLC cut its holdings in shares of Toyota Motor Co. (NYSE:TM) by 38.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,001 shares of the company’s stock after selling 10,432 shares during the quarter. Moran Wealth Management LLC’s holdings in Toyota Motor were worth $3,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in Toyota Motor by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company’s stock valued at $1,341,254,000 after purchasing an additional 129,560 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Toyota Motor by 10.5% during the third quarter. Natixis Advisors LLC now owns 358,892 shares of the company’s stock valued at $64,087,000 after buying an additional 34,141 shares during the period. Stifel Financial Corp increased its position in shares of Toyota Motor by 7.3% during the third quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after buying an additional 21,092 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Toyota Motor during the fourth quarter valued at about $26,203,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Toyota Motor by 14.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,714 shares of the company’s stock valued at $17,984,000 after buying an additional 12,467 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Down 0.9 %

TM stock opened at $188.43 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $186.09 and its 200 day moving average is $180.50. The stock has a market cap of $253.90 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. Toyota Motor Co. has a 1-year low of $159.04 and a 1-year high of $255.23.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. Sell-side analysts predict that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TM. Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.