Intercontinental Wealth Advisors LLC Sells 183 Shares of Toyota Motor Corp (TM)

Intercontinental Wealth Advisors LLC cut its stake in shares of Toyota Motor Corp (NYSE:TM) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,605 shares of the company’s stock after selling 183 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Toyota Motor were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TM. Renaissance Technologies LLC lifted its stake in shares of Toyota Motor by 31.1% in the 3rd quarter. Renaissance Technologies LLC now owns 541,300 shares of the company’s stock valued at $67,311,000 after purchasing an additional 128,500 shares during the period. First Trust Advisors LP increased its position in Toyota Motor by 4.2% in the 3rd quarter. First Trust Advisors LP now owns 190,951 shares of the company’s stock valued at $23,745,000 after buying an additional 7,732 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Toyota Motor by 9.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 175,662 shares of the company’s stock valued at $21,844,000 after buying an additional 15,158 shares in the last quarter. Deutsche Bank AG increased its position in Toyota Motor by 15.0% in the 3rd quarter. Deutsche Bank AG now owns 139,636 shares of the company’s stock valued at $17,362,000 after buying an additional 18,204 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Toyota Motor by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 134,271 shares of the company’s stock valued at $17,295,000 after buying an additional 1,574 shares in the last quarter. 0.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Zacks Investment Research lowered Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. ValuEngine raised Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Jefferies Financial Group raised Toyota Motor from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. JPMorgan Chase & Co. raised Toyota Motor from a “neutral” rating to an “overweight” rating in a report on Monday, November 19th. Finally, Bank of America raised Toyota Motor from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Toyota Motor has an average rating of “Buy” and an average price target of $132.00.

Shares of NYSE TM opened at $122.00 on Friday. Toyota Motor Corp has a twelve month low of $111.12 and a twelve month high of $139.48. The company has a market capitalization of $179.24 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.58 and a beta of 0.70. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.55.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, November 6th. The company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.42. Toyota Motor had a return on equity of 13.51% and a net margin of 8.89%. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $66.83 billion. On average, analysts forecast that Toyota Motor Corp will post 14.82 EPS for the current fiscal year.

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Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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