60,000 Toyota Motor Corporation $TM Shares Sold by Vantage Investment Partners LLC

Vantage Investment Partners LLC cut its position in Toyota Motor Corporation (NYSE:TM - Free Report) by 69.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,781 shares of the company's stock after selling 60,000 shares during the quarter. Vantage Investment Partners LLC's holdings in Toyota Motor were worth $4,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TM. Royal Bank of Canada increased its holdings in Toyota Motor by 19.0% in the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company's stock worth $48,888,000 after acquiring an additional 37,893 shares during the last quarter. First Trust Advisors LP boosted its position in Toyota Motor by 1.3% during the first quarter. First Trust Advisors LP now owns 177,609 shares of the company's stock worth $36,603,000 after purchasing an additional 2,304 shares during the period. Quantinno Capital Management LP boosted its position in Toyota Motor by 28.7% during the first quarter. Quantinno Capital Management LP now owns 157,114 shares of the company's stock worth $32,380,000 after purchasing an additional 35,025 shares during the period. QRG Capital Management Inc. boosted its position in Toyota Motor by 1.0% during the second quarter. QRG Capital Management Inc. now owns 77,642 shares of the company's stock worth $13,077,000 after purchasing an additional 798 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Toyota Motor by 2.9% in the first quarter. Cetera Investment Advisers now owns 71,628 shares of the company's stock worth $14,762,000 after purchasing an additional 2,042 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Toyota Motor Stock Performance

Shares of TM opened at $194.56 on Thursday. The stock's 50-day simple moving average is $191.92 and its 200 day simple moving average is $199.44. The stock has a market capitalization of $253.58 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The business had revenue of $83.16 billion during the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Research analysts forecast that Toyota Motor Corporation will post 20.30 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Erste Group Bank raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 18th. Zacks Research raised shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Toyota Motor from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $290.00.

Insider Activity at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was bought at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the completion of the transaction, the president owned 148,100 shares of the company's stock, valued at $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota's product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.

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