Raymond James & Associates Sells 685 Shares of Toyota Motor Co. (NYSE:TM)

Raymond James & Associates lessened its holdings in Toyota Motor Co. (NYSE:TMGet Rating) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 40,101 shares of the company’s stock after selling 685 shares during the period. Raymond James & Associates’ holdings in Toyota Motor were worth $5,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TM. Clarius Group LLC grew its stake in shares of Toyota Motor by 65.1% during the 3rd quarter. Clarius Group LLC now owns 6,397 shares of the company’s stock worth $833,000 after acquiring an additional 2,522 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Toyota Motor by 21.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,544 shares of the company’s stock worth $201,000 after acquiring an additional 277 shares during the period. Ronald Blue Trust Inc. grew its stake in shares of Toyota Motor by 400.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 541 shares of the company’s stock worth $83,000 after acquiring an additional 433 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Toyota Motor by 33.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 543 shares of the company’s stock worth $71,000 after acquiring an additional 136 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Toyota Motor by 18.8% during the 3rd quarter. Allworth Financial LP now owns 2,582 shares of the company’s stock worth $336,000 after acquiring an additional 409 shares during the period.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TheStreet cut Toyota Motor from a “b” rating to a “c” rating in a report on Tuesday, November 1st. StockNews.com assumed coverage on Toyota Motor in a report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group cut Toyota Motor from a “buy” rating to a “neutral” rating in a report on Thursday, October 6th. Finally, Citigroup cut Toyota Motor from a “buy” rating to a “neutral” rating in a report on Thursday, October 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,239.71.

Toyota Motor Stock Performance

NYSE:TM opened at $140.30 on Tuesday. The business’s 50-day moving average price is $141.18 and its two-hundred day moving average price is $145.08. Toyota Motor Co. has a twelve month low of $130.07 and a twelve month high of $211.24. The stock has a market cap of $196.14 billion, a P/E ratio of 9.47, a PEG ratio of 1.38 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.60.

Toyota Motor (NYSE:TMGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.78). Toyota Motor had a net margin of 7.54% and a return on equity of 9.11%. The business had revenue of $66.77 billion during the quarter, compared to analysts’ expectations of $63.08 billion. As a group, equities analysts predict that Toyota Motor Co. will post 14.16 EPS for the current fiscal year.

About Toyota Motor

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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.

See Also

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

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