Citigroup Inc. Has $2.74 Million Stake in Toyota Motor Corporation $TM

Key Points

• Citigroup cut its stake in Toyota by 46.1% in Q3, selling 12,289 shares and finishing the period with 14,343 shares worth $2.74 million.
• Toyota beat quarterly EPS estimates ($6.26 vs. $4.35) but missed revenue expectations ($76.37B vs. $82B); the stock trades around $219 with a P/E of 11.55 and a consensus analyst rating of Moderate Buy and an average target of $290.

Citigroup Inc. lessened its holdings in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 46.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,343 shares of the company's stock after selling 12,289 shares during the period. Citigroup Inc.'s holdings in Toyota Motor were worth $2,741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TM. Root Financial Partners LLC bought a new position in Toyota Motor in the 3rd quarter worth approximately $26,000. Bangor Savings Bank lifted its holdings in shares of Toyota Motor by 27.8% during the third quarter. Bangor Savings Bank now owns 267 shares of the company's stock worth $51,000 after buying an additional 58 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Toyota Motor in the second quarter valued at approximately $53,000. Richardson Financial Services Inc. grew its stake in shares of Toyota Motor by 134.4% in the third quarter. Richardson Financial Services Inc. now owns 286 shares of the company's stock worth $55,000 after acquiring an additional 164 shares during the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in shares of Toyota Motor by 3,500.0% in the third quarter. Atlantic Union Bankshares Corp now owns 324 shares of the company's stock worth $62,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

Toyota Motor Stock Down 1.1%

TM opened at $219.10 on Friday. The company has a market capitalization of $285.56 billion, a P/E ratio of 11.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The firm's fifty day moving average price is $230.66 and its two-hundred day moving average price is $211.25. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $248.90.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The company had revenue of $76.37 billion during the quarter, compared to analysts' expectations of $82 billion. On average, analysts anticipate that Toyota Motor Corporation will post 19.76 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on TM shares. BNP Paribas Exane assumed coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They set an "outperform" rating and a $290.00 target price for the company. DZ Bank upgraded shares of Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Toyota Motor from a "buy" rating to a "hold" rating in a report on Sunday, November 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Toyota Motor has a consensus rating of "Moderate Buy" and an average target price of $290.00.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota's operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company's product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.

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