Legacy Wealth Asset Management LLC Reduces Position in Toyota Motor Corporation $TM

Key Points

• Legacy Wealth Asset Management LLC has reduced its holdings in Toyota Motor Corporation by 33.8%, owning 7,212 shares valued at approximately $1.24 million after selling 3,684 shares.
• Analysts have shown mixed sentiments towards Toyota, with Sanford C. Bernstein upgrading the stock to "outperform", while Zacks Research changed its rating from "strong sell" to "hold".
• Toyota Motor reported earnings of $4.47 EPS for the last quarter, missing estimates, but its revenue exceeded expectations at $83.13 billion.

Legacy Wealth Asset Management LLC reduced its holdings in Toyota Motor Corporation (NYSE:TM - Free Report) by 33.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,212 shares of the company's stock after selling 3,684 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in Toyota Motor were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TM. Brighton Jones LLC grew its position in shares of Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company's stock valued at $517,000 after purchasing an additional 476 shares during the period. GAMMA Investing LLC grew its position in Toyota Motor by 30.0% during the first quarter. GAMMA Investing LLC now owns 2,783 shares of the company's stock valued at $491,000 after acquiring an additional 642 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Toyota Motor by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,849 shares of the company's stock valued at $1,033,000 after acquiring an additional 411 shares during the period. Janney Montgomery Scott LLC grew its position in Toyota Motor by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 7,424 shares of the company's stock valued at $1,311,000 after acquiring an additional 417 shares during the period. Finally, Nilsine Partners LLC grew its position in Toyota Motor by 5.8% during the first quarter. Nilsine Partners LLC now owns 1,597 shares of the company's stock valued at $282,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein raised Toyota Motor from a "market perform" rating to an "outperform" rating in a research report on Monday, August 18th. Zacks Research upgraded Toyota Motor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Toyota Motor in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

Toyota Motor Stock Up 1.2%

NYSE:TM opened at $200.27 on Tuesday. The firm has a market capitalization of $269.85 billion, a PE ratio of 9.66 and a beta of 0.62. The stock has a 50 day moving average of $196.53 and a 200-day moving average of $185.72. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $202.87. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $4.47 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.20). The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $81.73 billion. Toyota Motor had a net margin of 8.77% and a return on equity of 11.63%. Toyota Motor has set its FY 2026 guidance at 14.100-14.100 EPS. Analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current year.

About Toyota Motor

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.

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