SOL Capital Management CO Lowers Stake in Toyota Motor Corp Ltd Ord (NYSE:TM)

SOL Capital Management CO reduced its position in shares of Toyota Motor Corp Ltd Ord (NYSE:TM) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,230 shares of the company’s stock after selling 250 shares during the period. SOL Capital Management CO’s holdings in Toyota Motor Corp Ltd Ord were worth $444,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Exane Derivatives raised its stake in shares of Toyota Motor Corp Ltd Ord by 147,900.0% in the first quarter. Exane Derivatives now owns 1,480 shares of the company’s stock worth $161,000 after buying an additional 1,479 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Toyota Motor Corp Ltd Ord during the first quarter worth approximately $174,000. Proficio Capital Partners LLC raised its stake in shares of Toyota Motor Corp Ltd Ord by 76.8% in the first quarter. Proficio Capital Partners LLC now owns 1,710 shares of the company’s stock worth $184,000 after buying an additional 743 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Toyota Motor Corp Ltd Ord by 343.9% in the first quarter. Westside Investment Management Inc. now owns 1,900 shares of the company’s stock worth $202,000 after buying an additional 1,472 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Toyota Motor Corp Ltd Ord by 7.7% in the first quarter. Quadrant Capital Group LLC now owns 1,957 shares of the company’s stock worth $203,000 after buying an additional 140 shares in the last quarter. 0.93% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Corp Ltd Ord (NYSE:TM) opened at 112.12 on Friday. The stock has a market cap of $166.77 billion, a P/E ratio of 9.95 and a beta of 0.62. The company has a 50-day moving average price of $109.81 and a 200 day moving average price of $109.91. Toyota Motor Corp Ltd Ord has a 1-year low of $103.62 and a 1-year high of $123.18.

Toyota Motor Corp Ltd Ord (NYSE:TM) last issued its earnings results on Wednesday, May 10th. The company reported $2.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $119.46 by $117.14. Toyota Motor Corp Ltd Ord had a return on equity of 10.39% and a net margin of 6.74%. The company had revenue of $7,442.47 billion during the quarter, compared to analysts’ expectations of $6,993.26 billion. During the same quarter in the prior year, the business posted $38.38 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts expect that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on TM. BidaskClub upgraded Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Toyota Motor Corp Ltd Ord from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Thursday, July 13th. Bank of America Corporation downgraded Toyota Motor Corp Ltd Ord from a “neutral” rating to an “underperform” rating and set a $108.22 target price on the stock. in a research note on Tuesday, July 11th. Daiwa Capital Markets downgraded Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC set a $116.00 target price on Toyota Motor Corp Ltd Ord and gave the stock a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Toyota Motor Corp Ltd Ord currently has a consensus rating of “Hold” and a consensus price target of $115.07.

About Toyota Motor Corp Ltd Ord

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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

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