Toyota Motor Co. (NYSE:TM) Shares Sold by Balentine LLC

Balentine LLC lowered its holdings in Toyota Motor Co. (NYSE:TM) by 87.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,468 shares of the company’s stock after selling 9,996 shares during the quarter. Balentine LLC’s holdings in Toyota Motor were worth $301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new position in Toyota Motor in the first quarter valued at approximately $30,000. POM Investment Strategies LLC grew its position in shares of Toyota Motor by 292.1% in the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after buying an additional 111 shares during the last quarter. Mather Group LLC. raised its stake in Toyota Motor by 113.9% during the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Toyota Motor in the first quarter valued at $45,000. Finally, Field & Main Bank boosted its stake in Toyota Motor by 300.0% in the second quarter. Field & Main Bank now owns 180 shares of the company’s stock valued at $37,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM opened at $176.04 on Tuesday. The company’s 50 day simple moving average is $188.99 and its 200-day simple moving average is $213.66. Toyota Motor Co. has a 12-month low of $159.04 and a 12-month high of $255.23. The firm has a market cap of $237.20 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.40 and a beta of 0.68. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $6.35 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. The company had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. During the same period in the previous year, the business posted $7.05 earnings per share. As a group, equities analysts predict that Toyota Motor Co. will post 17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Erste Group Bank reiterated a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

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.