Yousif Capital Management LLC Reduces Holdings in Toyota Motor Co. (NYSE:TM)

Yousif Capital Management LLC trimmed its holdings in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 51.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,114 shares of the company's stock after selling 12,735 shares during the period. Yousif Capital Management LLC's holdings in Toyota Motor were worth $2,138,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TM. Strategic Financial Concepts LLC purchased a new stake in Toyota Motor in the 4th quarter worth approximately $2,140,000. SVB Wealth LLC purchased a new stake in Toyota Motor in the 4th quarter worth approximately $447,000. Charles Schwab Investment Management Inc. grew its stake in Toyota Motor by 17.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company's stock worth $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% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,556 shares of the company's stock worth $498,000 after acquiring an additional 1,390 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Toyota Motor by 14.9% in the 4th quarter. JPMorgan Chase & Co. now owns 59,802 shares of the company's stock valued at $11,638,000 after purchasing an additional 7,744 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

NYSE:TM opened at $178.69 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $240.76 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.35 and a beta of 0.65. The firm's fifty day simple moving average is $183.59 and its 200 day simple moving average is $183.44. Toyota Motor Co. has a twelve month low of $155.00 and a twelve month high of $208.86.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TM. Sanford C. Bernstein began coverage on shares of Toyota Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a 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 given a buy rating to the stock. Based on data from MarketBeat, Toyota Motor currently has an average 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.

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