First Trust Advisors LP Sells 38,219 Shares of Toyota Motor Corporation $TM

First Trust Advisors LP lessened its stake in Toyota Motor Corporation (NYSE:TM) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,140 shares of the company’s stock after selling 38,219 shares during the quarter. First Trust Advisors LP’s holdings in Toyota Motor were worth $37,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Toyota Motor during the 3rd quarter valued at about $26,000. Bangor Savings Bank lifted its stake in shares of Toyota Motor by 27.8% in the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after buying an additional 58 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Toyota Motor by 134.4% in the third quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after buying an additional 164 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Toyota Motor during the second quarter valued at approximately $53,000. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Toyota Motor by 3,500.0% during the third quarter. Atlantic Union Bankshares Corp now owns 324 shares of the company’s stock valued at $62,000 after buying an additional 315 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TM. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, BNP Paribas Exane assumed coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 1.9%

NYSE TM opened at $216.47 on Friday. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $282.13 billion, a P/E ratio of 11.41 and a beta of 0.60. The stock’s 50-day moving average price is $231.02 and its 200-day moving average price is $211.82.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. On average, equities research analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.