Advisors Asset Management Inc. Sells 1,115 Shares of Toyota Motor Co. (NYSE:TM)

Advisors Asset Management Inc. reduced its holdings in Toyota Motor Co. (NYSE:TMGet Rating) by 23.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,569 shares of the company’s stock after selling 1,115 shares during the quarter. Advisors Asset Management Inc.’s holdings in Toyota Motor were worth $550,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TM. Oppenheimer Asset Management Inc. boosted its position in shares of Toyota Motor by 3.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 50,365 shares of the company’s stock valued at $7,764,000 after purchasing an additional 1,665 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Toyota Motor during the second quarter valued at approximately $230,000. Legacy Financial Advisors Inc. boosted its position in shares of Toyota Motor by 18.6% during the second quarter. Legacy Financial Advisors Inc. now owns 2,330 shares of the company’s stock valued at $359,000 after purchasing an additional 366 shares in the last quarter. M&T Bank Corp boosted its position in shares of Toyota Motor by 31.5% during the second quarter. M&T Bank Corp now owns 13,005 shares of the company’s stock valued at $1,836,000 after purchasing an additional 3,116 shares in the last quarter. Finally, Abundance Wealth Counselors boosted its position in shares of Toyota Motor by 42.6% during the second quarter. Abundance Wealth Counselors now owns 1,695 shares of the company’s stock valued at $261,000 after purchasing an additional 506 shares in the last quarter. 1.36% of the stock is currently owned by institutional investors.

Toyota Motor Stock Up 0.2 %

TM stock opened at $143.19 on Friday. Toyota Motor Co. has a 1-year low of $130.07 and a 1-year high of $213.74. The business has a fifty day moving average price of $137.65 and a 200-day moving average price of $151.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 0.89. The stock has a market capitalization of $200.18 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.50 and a beta of 0.59.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TM shares. StockNews.com started coverage on Toyota Motor in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup cut Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. UBS Group cut Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. Finally, TheStreet cut Toyota Motor from a “b” rating to a “c” rating in a research note on Tuesday, November 1st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,239.71.

Toyota Motor Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Co. (NYSE:TMGet Rating).

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

Receive News & Ratings for Toyota Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor and related companies with MarketBeat.com's FREE daily email newsletter.