Perigon Wealth Management LLC Cuts Position in Toyota Motor Co. (NYSE:TM)

Perigon Wealth Management LLC decreased its holdings in shares of Toyota Motor Co. (NYSE:TM) by 25.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,107 shares of the company’s stock after selling 374 shares during the period. Perigon Wealth Management LLC’s holdings in Toyota Motor were worth $203,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new stake in Toyota Motor during the 3rd quarter valued at about $25,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Toyota Motor during the second quarter valued at approximately $25,000. Lazard Asset Management LLC increased its position in shares of Toyota Motor by 1,563.6% during the second quarter. Lazard Asset Management LLC now owns 183 shares of the company’s stock valued at $29,000 after acquiring an additional 172 shares in the last quarter. Byrne Asset Management LLC raised its holdings in Toyota Motor by 105.6% in the 3rd quarter. Byrne Asset Management LLC now owns 185 shares of the company’s stock worth $33,000 after acquiring an additional 95 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Toyota Motor by 101.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 214 shares of the company’s stock worth $38,000 after acquiring an additional 108 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TM shares. Nomura downgraded Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Friday, January 19th.

Toyota Motor Stock Down 1.1 %

TM opened at $233.97 on Thursday. The stock has a market capitalization of $316.99 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.35 and a beta of 0.69. The firm has a 50 day moving average price of $239.75 and a 200-day moving average price of $205.24. Toyota Motor Co. has a twelve month low of $133.02 and a twelve month high of $255.23. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.57.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $3.15. The business had revenue of $81.54 billion during the quarter, compared to analyst estimates of $73.72 billion. Toyota Motor had a net margin of 10.22% and a return on equity of 14.13%. Equities research analysts forecast that Toyota Motor Co. will post 23.06 earnings per share for the current year.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.