Sequoia Financial Advisors LLC Lowers Holdings in Toyota Motor Corporation $TM

Sequoia Financial Advisors LLC decreased its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 27.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,666 shares of the company’s stock after selling 4,000 shares during the period. Sequoia Financial Advisors LLC’s holdings in Toyota Motor were worth $1,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compass Financial Management LLC acquired a new stake in shares of Toyota Motor in the 2nd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Toyota Motor by 418.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Toyota Motor during the 1st quarter valued at $33,000. Trust Co. of Vermont acquired a new stake in Toyota Motor during the 2nd quarter valued at $33,000. Finally, Continuum Advisory LLC purchased a new position in Toyota Motor during the second quarter worth $36,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings downgraded Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.00.

Insiders Place Their Bets

In other news, President Kenta Kon purchased 85,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was purchased at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the transaction, the president owned 148,100 shares in the company, valued at approximately $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toyota Motor Trading Down 0.4%

Shares of TM stock opened at $197.43 on Tuesday. The firm’s 50-day simple moving average is $187.89 and its 200-day simple moving average is $193.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.00. Toyota Motor Corporation has a 1-year low of $166.10 and a 1-year high of $248.90. The firm has a market cap of $257.32 billion, a P/E ratio of 8.70, a PEG ratio of 1.31 and a beta of 0.57.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The firm had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. As a group, equities analysts forecast that Toyota Motor Corporation will post 20.28 EPS for the current year.

About Toyota Motor

Toyota Motor Corporation is a Japan-based automotive company headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger cars, trucks, commercial vehicles and related automotive components. Its principal brands include Toyota and Lexus, along with the performance-oriented GR sub-brand.

Toyota offers vehicles powered by internal combustion engines, hybrid-electric systems, plug-in hybrids, battery-electric powertrains and hydrogen fuel-cell technology.