Heritage Investors Management Corp Sells 6,771 Shares of Toyota Motor Corporation $TM

by · The Markets Daily

Heritage Investors Management Corp reduced its stake in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,286 shares of the company’s stock after selling 6,771 shares during the quarter. Heritage Investors Management Corp’s holdings in Toyota Motor were worth $6,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Toyota Motor by 19.0% during the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after acquiring an additional 37,893 shares during the period. Live Oak Private Wealth LLC purchased a new stake in shares of Toyota Motor during the 2nd quarter worth approximately $6,081,000. Quantinno Capital Management LP boosted its stake in shares of Toyota Motor by 28.7% during the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock worth $32,380,000 after acquiring an additional 35,025 shares in the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Toyota Motor in the 1st quarter worth approximately $4,279,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Toyota Motor in the 1st quarter worth approximately $4,279,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TM. Zacks Research raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Weiss Ratings raised Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $290.00.

Check Out Our Latest Stock Analysis on Toyota Motor

Toyota Motor Stock Performance

Toyota Motor stock opened at $195.79 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a fifty day moving average of $192.14 and a two-hundred day moving average of $199.18. The company has a market capitalization of $255.18 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.24 and a beta of 0.62. Toyota Motor Corporation has a fifty-two week low of $166.10 and a fifty-two week high of $248.90.

Toyota Motor (NYSE:TM – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. The business had revenue of $83.16 billion for the quarter. On average, analysts anticipate that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Kenta Kon acquired 85,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. This trade represents a 134.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About Toyota Motor

(Free Report)

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.

See Also

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