Toyota Motor Corporation (NYSE:TM) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its stake in shares of Toyota Motor Corporation (NYSE:TM) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,089 shares of the company’s stock after selling 747 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Toyota Motor were worth $2,134,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TM. Private Trust Co. NA lifted its holdings in shares of Toyota Motor by 143.9% during the first quarter. Private Trust Co. NA now owns 139 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Toyota Motor in the fourth quarter valued at $29,000. Parvin Asset Management LLC acquired a new stake in Toyota Motor in the fourth quarter valued at $32,000. Wayfinding Financial LLC acquired a new stake in Toyota Motor in the first quarter valued at $41,000. Finally, ORG Wealth Partners LLC acquired a new stake in Toyota Motor in the first quarter valued at $47,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DZ Bank downgraded Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Toyota Motor Price Performance

Toyota Motor stock opened at $193.94 on Wednesday. The company has a market cap of $261.32 billion, a P/E ratio of 9.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.27. Toyota Motor Corporation has a one year low of $155.00 and a one year high of $201.00. The business has a fifty day moving average of $177.92 and a two-hundred day moving average of $181.56.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Thursday, August 7th. The company reported $4.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.20). The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $81.73 billion. Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. As a group, analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

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.