Goldman Sachs Group Inc. Cuts Stock Holdings in Toyota Motor Corporation $TM

Goldman Sachs Group Inc. trimmed its position in shares of Toyota Motor Corporation (NYSE:TM) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,149,698 shares of the company’s stock after selling 77,191 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.09% of Toyota Motor worth $246,104,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TM. Brighton Jones LLC increased its holdings in shares of Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after purchasing an additional 476 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Toyota Motor by 57.9% during the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after purchasing an additional 4,223 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after purchasing an additional 1,571 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Toyota Motor during the 2nd quarter valued at approximately $864,000. Finally, Brown Advisory Inc. increased its holdings in shares of Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after purchasing an additional 230 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TM. Zacks Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Morgan Stanley began coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating for the company. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

Shares of NYSE TM opened at $176.96 on Friday. The firm has a market cap of $230.63 billion, a PE ratio of 9.04 and a beta of 0.57. The firm has a fifty day moving average of $196.53 and a 200 day moving average of $211.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. Toyota Motor Corporation has a one year low of $167.18 and a one year high of $248.90.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The business had revenue of $76.81 billion during the quarter. As a group, research analysts predict that Toyota Motor Corporation will post 21.66 EPS for the current fiscal year.

Toyota Motor Profile

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.