Capital Investment Counsel Inc cut its stake in Toyota Motor Corp (NYSE:TM) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,096 shares of the company’s stock after selling 200 shares during the period. Toyota Motor Corp makes up about 0.9% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 26th largest position. Capital Investment Counsel Inc’s holdings in Toyota Motor Corp were worth $2,074,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its position in Toyota Motor Corp by 9.4% in the first quarter. Creative Planning now owns 10,876 shares of the company’s stock worth $1,181,000 after buying an additional 930 shares during the period. Flinton Capital Management LLC acquired a new position in Toyota Motor Corp during the fourth quarter worth about $1,001,000. Capstone Asset Management Co. increased its position in Toyota Motor Corp by 6.2% in the first quarter. Capstone Asset Management Co. now owns 189,818 shares of the company’s stock worth $20,618,000 after buying an additional 11,029 shares during the last quarter. Geneva Advisors LLC increased its position in Toyota Motor Corp by 5.0% in the first quarter. Geneva Advisors LLC now owns 13,432 shares of the company’s stock worth $1,459,000 after buying an additional 641 shares during the last quarter. Finally, USA Financial Portformulas Corp increased its position in Toyota Motor Corp by 2.5% in the fourth quarter. USA Financial Portformulas Corp now owns 9,210 shares of the company’s stock worth $1,079,000 after buying an additional 223 shares during the last quarter. 0.92% of the stock is owned by institutional investors and hedge funds.
Shares of Toyota Motor Corp (NYSE TM) traded down 0.84% during mid-day trading on Tuesday, reaching $103.82. 301,330 shares of the company traded hands. Toyota Motor Corp has a 52-week low of $98.39 and a 52-week high of $123.18. The stock’s 50 day moving average is $107.36 and its 200 day moving average is $112.57. The stock has a market capitalization of $154.42 billion, a PE ratio of 9.52 and a beta of 0.61.
Toyota Motor Corp (NYSE:TM) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $2.32 earnings per share for the quarter, missing the consensus estimate of $119.46 by $117.14. Toyota Motor Corp had a return on equity of 9.13% and a net margin of 4.38%. The firm had revenue of $7,442.47 billion for the quarter, compared to the consensus estimate of $6,993.26 billion. During the same quarter in the previous year, the business earned $38.38 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts anticipate that Toyota Motor Corp will post $10.61 earnings per share for the current year.
A number of research analysts have recently issued reports on TM shares. Jefferies Group LLC restated a “hold” rating and issued a $116.00 price target on shares of Toyota Motor Corp in a research report on Monday, April 3rd. TheStreet upgraded shares of Toyota Motor Corp from a “c+” rating to a “b” rating in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Toyota Motor Corp from a “sell” rating to a “hold” rating in a research report on Monday, June 5th. Finally, BidaskClub upgraded shares of Toyota Motor Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $122.50.
About Toyota Motor Corp
Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.
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