Cary Street Partners Financial LLC Sells 1,429 Shares of Toyota Motor Corporation (NYSE:TM)

Key Points

• Cary Street Partners Financial LLC has reduced its stake in Toyota Motor by 31.3%, now holding 3,139 shares worth approximately $554,000.
• Toyota reported earnings per share (EPS) of $4.47 for the last quarter, missing estimates by $0.20, while revenue surpassed expectations at $83.13 billion.
• The stock was noted to have a market capitalization of $254.20 billion, with a recent trading price of $188.66, reflecting a 4.0% increase.

Cary Street Partners Financial LLC trimmed its position in Toyota Motor Corporation (NYSE:TM - Free Report) by 31.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,139 shares of the company's stock after selling 1,429 shares during the quarter. Cary Street Partners Financial LLC's holdings in Toyota Motor were worth $554,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in Toyota Motor by 66.5% in the fourth quarter. Northern Trust Corp now owns 961,403 shares of the company's stock valued at $187,099,000 after buying an additional 384,149 shares during the period. FMR LLC boosted its holdings in Toyota Motor by 14.3% during the fourth quarter. FMR LLC now owns 563,437 shares of the company's stock worth $109,651,000 after purchasing an additional 70,644 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Toyota Motor by 22,846.4% during the first quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock worth $86,726,000 after purchasing an additional 489,142 shares during the last quarter. Natixis Advisors LLC boosted its stake in Toyota Motor by 8.5% in the first quarter. Natixis Advisors LLC now owns 426,238 shares of the company's stock valued at $75,244,000 after acquiring an additional 33,236 shares during the last quarter. Finally, SRB Corp boosted its stake in Toyota Motor by 2.0% in the fourth quarter. SRB Corp now owns 398,656 shares of the company's stock valued at $77,582,000 after acquiring an additional 7,708 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TM shares. Sanford C. Bernstein began coverage on shares of Toyota Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. DZ Bank cut shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Toyota Motor Stock Performance

Shares of TM traded up $0.50 on Monday, reaching $189.14. The company's stock had a trading volume of 279,644 shares, compared to its average volume of 422,065. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.11. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $201.00. The stock has a market capitalization of $254.85 billion, a P/E ratio of 9.12 and a beta of 0.64. The stock's 50 day simple moving average is $177.87 and its two-hundred day simple moving average is $181.46.

Toyota Motor (NYSE:TM - Get Free Report) last released 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). Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $81.73 billion. Research analysts forecast that Toyota Motor Corporation 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.