Ameriprise Financial Inc. Sells 9,220 Shares of Toyota Motor Co. (NYSE:TM)

Ameriprise Financial Inc. lessened its position in shares of Toyota Motor Co. (NYSE:TM) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,247 shares of the company’s stock after selling 9,220 shares during the quarter. Ameriprise Financial Inc.’s holdings in Toyota Motor were worth $29,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Aptus Capital Advisors LLC bought a new stake in shares of Toyota Motor during the 4th quarter valued at $355,000. AXA S.A. grew its holdings in Toyota Motor by 17.9% during the fourth quarter. AXA S.A. now owns 1,120 shares of the company’s stock valued at $218,000 after purchasing an additional 170 shares during the period. Alaethes Wealth LLC increased its position in Toyota Motor by 1.5% in the fourth quarter. Alaethes Wealth LLC now owns 8,369 shares of the company’s stock worth $1,629,000 after buying an additional 122 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Toyota Motor by 0.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 50,603 shares of the company’s stock worth $9,848,000 after buying an additional 266 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in shares of Toyota Motor during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

TM has been the subject of several analyst reports. DZ Bank lowered shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a “market perform” rating for the company. Macquarie upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. Finally, CLSA downgraded shares of Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Toyota Motor has an average rating of “Hold”.

Toyota Motor Stock Performance

Shares of NYSE TM opened at $193.81 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The company has a market cap of $261.14 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.35 and a beta of 0.67. Toyota Motor Co. has a 52-week low of $155.00 and a 52-week high of $221.09. The firm’s fifty day moving average is $182.24 and its two-hundred day moving average is $181.61.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Thursday, May 8th. The company reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.47. The business had revenue of $81.09 billion for the quarter, compared to analysts’ expectations of $11,956.52 billion. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. As a group, analysts anticipate that Toyota Motor Co. will post 19.76 EPS 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.