Toyota Motor Corporation $TM Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Toyota Motor position by 10.5% in the first quarter, selling 22,438 shares and retaining 190,865 shares valued at approximately $39.3 million.
• Toyota shares were trading at $186.15, down 1.5%, with a market capitalization of $242.6 billion and a price-to-earnings ratio of 9.51. The company reported quarterly earnings of $3.80 per share on $76.81 billion in revenue.
• Analyst views remain mixed, but Toyota carries a consensus “Moderate Buy” rating and a $290 average price target, substantially above its current trading price.

Dimensional Fund Advisors LP reduced its position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,865 shares of the company's stock after selling 22,438 shares during the period. Dimensional Fund Advisors LP's holdings in Toyota Motor were worth $39,335,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company's stock valued at $29,000 after buying an additional 113 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Toyota Motor in the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC grew its holdings in Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company's stock worth $38,000 after acquiring an additional 48 shares during the period. Larson Financial Group LLC grew its holdings in Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company's stock worth $40,000 after acquiring an additional 142 shares during the period. Finally, Activest Wealth Management raised its position in Toyota Motor by 10,000.0% in the fourth quarter. Activest Wealth Management now owns 202 shares of the company's stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Toyota Motor Trading Down 1.5%

NYSE:TM opened at $186.15 on Tuesday. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $178.27 and a 200-day simple moving average of $202.58. The company has a market capitalization of $242.62 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The firm had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, equities research analysts expect that Toyota Motor Corporation will post 20.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TM has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. Zacks Research cut shares of Toyota Motor from a "hold" rating to a "strong sell" rating in a research note on Monday, July 6th. Morgan Stanley began coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an "equal weight" rating for the company. Finally, Freedom Capital raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Toyota Motor has an average rating of "Moderate Buy" and a consensus target price of $290.00.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota's operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company's product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.

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