Mission Wealth Management LP Sells 120 Shares of Toyota Motor Co. (NYSE:TM)

Mission Wealth Management LP reduced its position in Toyota Motor Co. (NYSE:TM) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,039 shares of the company’s stock after selling 120 shares during the quarter. Mission Wealth Management LP’s holdings in Toyota Motor were worth $374,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TM. International Assets Investment Management LLC bought a new stake in Toyota Motor during the 4th quarter valued at about $31,855,000. Natixis Advisors L.P. raised its position in Toyota Motor by 113.5% during the 3rd quarter. Natixis Advisors L.P. now owns 262,557 shares of the company’s stock valued at $47,195,000 after purchasing an additional 139,582 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Toyota Motor during the 3rd quarter worth $10,839,000. Morgan Stanley raised its holdings in shares of Toyota Motor by 2.5% in the third quarter. Morgan Stanley now owns 1,623,169 shares of the company’s stock valued at $291,765,000 after acquiring an additional 40,254 shares in the last quarter. Finally, XY Capital Ltd purchased a new stake in Toyota Motor in the third quarter worth about $6,909,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of NYSE TM opened at $232.84 on Friday. The stock has a market cap of $315.46 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.39 and a beta of 0.72. Toyota Motor Co. has a 12 month low of $134.88 and a 12 month high of $255.23. The company has a 50 day simple moving average of $240.00 and a two-hundred day simple moving average of $209.11. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share for the quarter, beating the consensus estimate of $3.66 by $3.15. Toyota Motor had a return on equity of 14.13% and a net margin of 10.22%. The company had revenue of $81.54 billion during the quarter, compared to analysts’ expectations of $73.72 billion. As a group, analysts predict that Toyota Motor Co. will post 22.85 earnings per share for the current year.

Wall Street Analyst Weigh In

TM has been the subject of a number of analyst reports. Nomura lowered Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.

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.