Wilkinson Global Asset Management LLC Reduces Stake in Toyota Motor Corporation (NYSE:TM)

Wilkinson Global Asset Management LLC lessened its position in shares of Toyota Motor Corporation (NYSE:TM) by 2.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 294,462 shares of the company’s stock after selling 6,051 shares during the quarter. Toyota Motor comprises 3.3% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Toyota Motor were worth $51,981,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Toyota Motor by 27.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company’s stock valued at $1,424,000 after purchasing an additional 1,778 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Toyota Motor in the 1st quarter valued at approximately $373,000. FNY Investment Advisers LLC lifted its holdings in shares of Toyota Motor by 50.0% in the 1st quarter. FNY Investment Advisers LLC now owns 9,000 shares of the company’s stock valued at $1,588,000 after buying an additional 3,000 shares during the period. Bessemer Group Inc. raised its holdings in Toyota Motor by 203.3% during the first quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock worth $80,000 after purchasing an additional 305 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in Toyota Motor during the first quarter worth $506,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Toyota Motor in a report on Monday, April 14th. They set a “market perform” rating for the company. DZ Bank cut Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $170.23 on Friday. The company has a market cap of $229.37 billion, a P/E ratio of 7.53 and a beta of 0.61. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $208.21. The business has a fifty day simple moving average of $180.75 and a 200-day simple moving average of $182.86.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Thursday, May 8th. The company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. The business had revenue of $81.09 billion during the quarter, compared to the consensus estimate of $78.47 billion. Equities research analysts forecast that Toyota Motor Corporation will post 19.76 EPS for the current year.

About Toyota Motor

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.