Toyota Motor Corporation $TM Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings cut its Toyota Motor stake by 35.5% in the third quarter, selling 13,249 shares and retaining 24,120 shares valued at approximately $4.4 million.
• Other institutional investors generally increased their positions, while institutions and hedge funds collectively owned 1.48% of Toyota’s stock.
• Toyota reported quarterly revenue of $83.16 billion and EPS of $7.42. Analysts maintain an average “Buy” rating with a consensus price target of $290, compared with the stock’s reported price of $197.04.

Crossmark Global Holdings Inc. cut its holdings in Toyota Motor Corporation (NYSE:TM - Free Report) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,120 shares of the company's stock after selling 13,249 shares during the period. Crossmark Global Holdings Inc.'s holdings in Toyota Motor were worth $4,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of Toyota Motor by 87.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 43,292 shares of the company's stock worth $8,170,000 after acquiring an additional 20,218 shares during the last quarter. Range Financial Group LLC purchased a new stake in Toyota Motor during the third quarter worth about $641,000. Physician Wealth Advisors Inc. increased its holdings in Toyota Motor by 111.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 154 shares of the company's stock worth $28,000 after acquiring an additional 81 shares during the last quarter. 55 North Private Wealth LLC lifted its position in shares of Toyota Motor by 41.7% during the third quarter. 55 North Private Wealth LLC now owns 1,921 shares of the company's stock worth $352,000 after acquiring an additional 565 shares in the last quarter. Finally, Norway Savings Bank boosted its position in shares of Toyota Motor by 72.6% in the third quarter. Norway Savings Bank now owns 3,319 shares of the company's stock valued at $608,000 after acquiring an additional 1,396 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Stock Down 0.6%

TM opened at $197.04 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. Toyota Motor Corporation has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The firm's fifty day moving average is $191.64 and its 200 day moving average is $188.18. The stock has a market cap of $256.81 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61.

Toyota Motor (NYSE:TM - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The company had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. On average, sell-side analysts forecast that Toyota Motor Corporation will post 20.30 earnings per share for the current fiscal year.

Insider Transactions at Toyota Motor

In other Toyota Motor news, President Kenta Kon bought 85,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the purchase, the president owned 148,100 shares in the company, valued at $2,726,521. This represents a 134.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

A number of analysts have recently issued reports on TM shares. Erste Group Bank raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Friday, September 18th. Zacks Research raised Toyota Motor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Toyota Motor from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Toyota Motor has an average rating of "Buy" and an average target price of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota's product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.

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