Bank of America Corp DE Reduces Stock Holdings in Toyota Motor Co. (NYSE:TM)

Bank of America Corp DE lowered its stake in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 554,491 shares of the company's stock after selling 393,831 shares during the period. Bank of America Corp DE's holdings in Toyota Motor were worth $107,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TM. Bearing Point Capital LLC acquired a new position in shares of Toyota Motor during the fourth quarter valued at about $3,282,000. Aptus Capital Advisors LLC purchased a new position in shares of Toyota Motor in the fourth quarter worth about $355,000. AXA S.A. grew its holdings in Toyota Motor by 17.9% during the fourth quarter. AXA S.A. now owns 1,120 shares of the company's stock worth $218,000 after acquiring an additional 170 shares during the period. Alaethes Wealth LLC grew its holdings in Toyota Motor by 1.5% during the fourth quarter. Alaethes Wealth LLC now owns 8,369 shares of the company's stock worth $1,629,000 after acquiring an additional 122 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Toyota Motor by 0.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 50,603 shares of the company's stock worth $9,848,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

Toyota Motor Price Performance

Shares of NYSE:TM traded down $6.89 during trading on Wednesday, reaching $187.08. The stock had a trading volume of 486,039 shares, compared to its average volume of 370,334. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The business has a fifty day moving average price of $182.24 and a 200-day moving average price of $181.61. The stock has a market cap of $252.07 billion, a PE ratio of 7.72, a PEG ratio of 0.35 and a beta of 0.67. Toyota Motor Co. has a 1-year low of $155.00 and a 1-year high of $221.09.

Toyota Motor (NYSE:TM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.47. The firm had revenue of $81.09 billion for the quarter, compared to analyst estimates of $11,956.52 billion. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities analysts forecast that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. Macquarie raised Toyota Motor from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 4th. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein started coverage on Toyota Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

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.