Ethic Inc. Decreases Holdings in Toyota Motor Co. (NYSE:TM)

Ethic Inc. reduced its stake in Toyota Motor Co. (NYSE:TM) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,315 shares of the company’s stock after selling 1,084 shares during the period. Ethic Inc.’s holdings in Toyota Motor were worth $4,579,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Syverson Strege & Co purchased a new position in Toyota Motor in the 1st quarter worth approximately $31,000. Brown Brothers Harriman & Co. increased its stake in Toyota Motor by 200.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 240 shares of the company’s stock worth $34,000 after purchasing an additional 160 shares during the period. Private Trust Co. NA increased its stake in Toyota Motor by 98.5% in the 1st quarter. Private Trust Co. NA now owns 262 shares of the company’s stock worth $37,000 after purchasing an additional 130 shares during the period. CoreCap Advisors LLC purchased a new position in Toyota Motor in the 4th quarter worth approximately $39,000. Finally, ICA Group Wealth Management LLC purchased a new position in Toyota Motor in the 4th quarter worth approximately $41,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Trading Up 0.4 %

Shares of TM traded up $0.72 during mid-day trading on Friday, hitting $172.85. 43,378 shares of the company’s stock traded hands, compared to its average volume of 266,177. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 0.58. Toyota Motor Co. has a 1 year low of $130.07 and a 1 year high of $175.37. The firm has a market capitalization of $234.18 billion, a P/E ratio of 10.63, a PEG ratio of 0.49 and a beta of 0.67. The business’s 50-day moving average price is $164.08 and its 200-day moving average price is $149.05.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $7.05 earnings per share for the quarter, beating the consensus estimate of $3.92 by $3.13. Toyota Motor had a return on equity of 10.31% and a net margin of 7.70%. The company had revenue of $76.85 billion for the quarter, compared to analyst estimates of $69.98 billion. As a group, sell-side analysts forecast that Toyota Motor Co. will post 16.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the topic of several research analyst reports. Morgan Stanley cut Toyota Motor from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Citigroup raised Toyota Motor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, StockNews.com initiated coverage on Toyota Motor in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Toyota Motor Company Profile

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.