Ritholtz Wealth Management Lowers Position in Toyota Motor Co. (NYSE:TM)

Ritholtz Wealth Management lowered its stake in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,340 shares of the company's stock after selling 2,069 shares during the quarter. Ritholtz Wealth Management's holdings in Toyota Motor were worth $3,238,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TM. Strategic Financial Concepts LLC bought a new stake in shares of Toyota Motor during the 4th quarter valued at $2,140,000. SVB Wealth LLC purchased a new stake in shares of Toyota Motor in the fourth quarter worth about $447,000. Charles Schwab Investment Management Inc. boosted its position in shares of Toyota Motor by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company's stock valued at $13,991,000 after acquiring an additional 10,576 shares during the period. Atria Wealth Solutions Inc. grew its stake in Toyota Motor by 119.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,556 shares of the company's stock valued at $498,000 after acquiring an additional 1,390 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Toyota Motor by 14.9% during the 4th quarter. JPMorgan Chase & Co. now owns 59,802 shares of the company's stock worth $11,638,000 after acquiring an additional 7,744 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 $0.94 during trading on Monday, reaching $177.81. The company had a trading volume of 430,700 shares, compared to its average volume of 398,739. The stock has a market capitalization of $239.59 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor Co. has a 12 month low of $155.00 and a 12 month high of $208.86. The company has a fifty day moving average of $183.59 and a two-hundred day moving average of $183.44.

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

Analyst Ratings Changes

Several research analysts have commented on TM shares. DZ Bank downgraded shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. Sanford C. Bernstein began coverage on Toyota Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

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.