Eagle Global Advisors LLC Cuts Position in Toyota Motor Corporation (NYSE:TM)

Eagle Global Advisors LLC trimmed its position in shares of Toyota Motor Corporation (NYSE:TM) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,302 shares of the company’s stock after selling 605 shares during the period. Eagle Global Advisors LLC’s holdings in Toyota Motor were worth $1,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TM. Brighton Jones LLC increased its stake in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after buying an additional 476 shares during the period. JPMorgan Chase & Co. boosted its holdings in Toyota Motor by 14.9% in the fourth 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 in the last quarter. Franklin Resources Inc. boosted its holdings in Toyota Motor by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 6,597 shares of the company’s stock valued at $1,284,000 after purchasing an additional 119 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Toyota Motor by 38.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,710 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,581 shares in the last quarter. Finally, FMR LLC boosted its holdings in Toyota Motor by 14.3% in the fourth quarter. FMR LLC now owns 563,437 shares of the company’s stock valued at $109,651,000 after purchasing an additional 70,644 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TM shares. Sanford C. Bernstein started coverage on Toyota Motor in a report on Monday, April 14th. They issued a “market perform” rating for the company. DZ Bank downgraded Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Toyota Motor has an average rating of “Hold”.

Toyota Motor Stock Performance

Shares of TM opened at $189.14 on Tuesday. The stock has a 50 day moving average price of $177.87 and a 200 day moving average price of $181.48. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $254.85 billion, a price-to-earnings ratio of 9.12 and a beta of 0.64. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $201.00.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Thursday, August 7th. The company reported $4.47 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.20). The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $81.73 billion. Toyota Motor had a net margin of 8.77% and a return on equity of 11.63%. Research analysts predict that Toyota Motor Corporation 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.