Nuveen Asset Management LLC Sells 1,696 Shares of Toyota Motor Co. (NYSE:TM)

Nuveen Asset Management LLC cut its stake in Toyota Motor Co. (NYSE:TM - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,306 shares of the company's stock after selling 1,696 shares during the quarter. Nuveen Asset Management LLC's holdings in Toyota Motor were worth $4,925,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Parvin Asset Management LLC purchased a new position in Toyota Motor during the fourth quarter worth about $32,000. Roxbury Financial LLC bought a new stake in Toyota Motor during the fourth quarter worth about $41,000. Newbridge Financial Services Group Inc. bought a new stake in Toyota Motor during the fourth quarter worth about $42,000. GPS Wealth Strategies Group LLC lifted its stake in Toyota Motor by 800.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Toyota Motor during the fourth quarter worth about $53,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TM shares. Macquarie raised Toyota Motor from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 4th. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. Sanford C. Bernstein initiated coverage on Toyota Motor in a report on Monday, April 14th. They set a "market perform" rating on the stock. Finally, DZ Bank downgraded Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Toyota Motor presently has a consensus rating of "Hold".

Toyota Motor Stock Down 0.9%

Shares of Toyota Motor stock traded down $1.64 during midday trading on Monday, hitting $188.93. The company had a trading volume of 374,023 shares, compared to its average volume of 377,177. The company has a 50 day moving average of $181.13 and a 200 day moving average of $182.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. Toyota Motor Co. has a 52-week low of $155.00 and a 52-week high of $213.54. The stock has a market capitalization of $254.57 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.35 and a beta of 0.66.

Toyota Motor (NYSE:TM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, beating the consensus estimate of $2.92 by $0.47. The business had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities analysts predict that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Toyota Motor Company 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.