Ritholtz Wealth Management Sells 2,496 Shares of Toyota Motor Corporation $TM

Key Points

• Ritholtz Wealth Management lowered its stake in Toyota Motor Corporation by 13.6%, selling 2,496 shares during the 2nd quarter, leaving them with a total of 15,844 shares valued at $2,729,000.
• The company reported $4.47 earnings per share for the last quarter, falling short of the estimated $4.67, while revenue exceeded expectations at $83.13 billion.
• Analysts have a mixed outlook for Toyota, with ratings varying from "strong sell" to "outperform", resulting in an average rating of "Hold."

Ritholtz Wealth Management reduced its holdings in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,844 shares of the company's stock after selling 2,496 shares during the quarter. Ritholtz Wealth Management's holdings in Toyota Motor were worth $2,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in shares of Toyota Motor by 143.9% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the period. AlphaCore Capital LLC bought a new position in shares of Toyota Motor during the 1st quarter worth approximately $37,000. Wayfinding Financial LLC bought a new position in shares of Toyota Motor during the 1st quarter worth approximately $41,000. Headlands Technologies LLC bought a new position in shares of Toyota Motor during the 1st quarter worth approximately $47,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Toyota Motor during the 1st quarter worth approximately $47,000. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

Shares of NYSE TM opened at $194.25 on Thursday. The stock has a market capitalization of $261.73 billion, a PE ratio of 9.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.11. The business has a fifty day moving average price of $195.84 and a two-hundred day moving average price of $184.96. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $202.87.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $4.47 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.20). The company had revenue of $83.13 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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