Heritage Investors Management Corp Has $8.77 Million Holdings in Toyota Motor Co. (NYSE:TM)

Heritage Investors Management Corp trimmed its stake in shares of Toyota Motor Co. (NYSE:TM) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,800 shares of the company’s stock after selling 532 shares during the period. Heritage Investors Management Corp’s holdings in Toyota Motor were worth $8,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TM. Global Retirement Partners LLC raised its stake in shares of Toyota Motor by 3.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,524 shares of the company’s stock worth $298,000 after buying an additional 51 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Toyota Motor by 1.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,612 shares of the company’s stock valued at $649,000 after purchasing an additional 52 shares during the period. Keel Point LLC boosted its position in shares of Toyota Motor by 3.8% in the 4th quarter. Keel Point LLC now owns 1,630 shares of the company’s stock worth $299,000 after purchasing an additional 60 shares during the last quarter. Optas LLC grew its stake in shares of Toyota Motor by 4.9% during the third quarter. Optas LLC now owns 1,323 shares of the company’s stock worth $238,000 after purchasing an additional 62 shares during the period. Finally, Allworth Financial LP increased its holdings in Toyota Motor by 2.2% in the third quarter. Allworth Financial LP now owns 2,919 shares of the company’s stock valued at $525,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

TM has been the subject of several research analyst reports. Nomura lowered shares of Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.

Toyota Motor Stock Down 1.9 %

Shares of Toyota Motor stock traded down $4.48 on Thursday, reaching $227.30. 329,000 shares of the company were exchanged, compared to its average volume of 296,131. Toyota Motor Co. has a one year low of $135.15 and a one year high of $255.23. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $239.66 and a 200 day moving average of $210.92. The company has a market capitalization of $307.95 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.39 and a beta of 0.72.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $3.15. The company had revenue of $81.54 billion for the quarter, compared to analysts’ expectations of $73.72 billion. Toyota Motor had a net margin of 10.22% and a return on equity of 14.13%. On average, equities research analysts forecast that Toyota Motor Co. will post 22.85 earnings per share 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 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.