New Age Alpha Advisors LLC Reduces Holdings in Toyota Motor Corporation $TM

New Age Alpha Advisors LLC lowered its position in shares of Toyota Motor Corporation (NYSE:TM) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,400 shares of the company’s stock after selling 7,000 shares during the period. Toyota Motor makes up about 0.6% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 22nd largest position. New Age Alpha Advisors LLC’s holdings in Toyota Motor were worth $13,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC grew its position in shares of Toyota Motor by 224.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock worth $1,710,000 after buying an additional 5,527 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Toyota Motor by 22,450.6% during the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock worth $3,663,000 after buying an additional 19,083 shares in the last quarter. Cullen Capital Management LLC grew its position in shares of Toyota Motor by 25.2% during the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after buying an additional 39,620 shares in the last quarter. Clark Capital Management Group Inc. grew its position in shares of Toyota Motor by 46.2% during the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock worth $63,142,000 after buying an additional 104,471 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Toyota Motor during the third quarter worth approximately $1,323,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. BNP Paribas Exane assumed coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target for the company. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley started coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Performance

Toyota Motor stock opened at $189.07 on Monday. The company has a market cap of $246.43 billion, a PE ratio of 9.66 and a beta of 0.58. The company has a fifty day moving average price of $201.66 and a two-hundred day moving average price of $213.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. Toyota Motor Corporation has a 12 month low of $167.18 and a 12 month high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion during the quarter. Research analysts expect that Toyota Motor Corporation will post 21.69 earnings per share for the current year.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.