Forum Financial Management LP trimmed its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 9.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,447 shares of the company’s stock after selling 2,030 shares during the period. Forum Financial Management LP’s holdings in Toyota Motor were worth $3,522,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TM. Private Trust Co. NA raised its position in Toyota Motor by 143.9% during the first quarter. Private Trust Co. NA now owns 139 shares of the company’s stock valued at $25,000 after buying an additional 82 shares during the period. AlphaCore Capital LLC acquired a new position in Toyota Motor during the first quarter valued at $37,000. Wayfinding Financial LLC acquired a new position in Toyota Motor during the first quarter valued at $41,000. Headlands Technologies LLC acquired a new position in Toyota Motor during the first quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Toyota Motor by 56.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 272 shares of the company’s stock valued at $48,000 after buying an additional 98 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.
Toyota Motor Stock Performance
TM opened at $203.73 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.27. The stock has a 50-day moving average of $196.88 and a 200-day moving average of $185.95. The company has a market cap of $274.51 billion, a PE ratio of 9.82 and a beta of 0.62. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $205.00.
Wall Street Analyst Weigh In
A number of research analysts have commented on TM shares. Sanford C. Bernstein upgraded Toyota Motor from a “market perform” rating to an “outperform” rating in a research note on Monday, August 18th. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Analysis on TM
Toyota Motor 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.
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