Ritholtz Wealth Management Acquires 1,035 Shares of Toyota Motor Co. (NYSE:TM)

Ritholtz Wealth Management grew its holdings in Toyota Motor Co. (NYSE:TM) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,384 shares of the company’s stock after acquiring an additional 1,035 shares during the quarter. Ritholtz Wealth Management’s holdings in Toyota Motor were worth $2,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Toyota Motor during the third quarter valued at approximately $25,000. Pacifica Partners Inc. lifted its position in shares of Toyota Motor by 150.0% in the third quarter. Pacifica Partners Inc. now owns 150 shares of the company’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Toyota Motor in the second quarter valued at approximately $25,000. Lazard Asset Management LLC lifted its position in shares of Toyota Motor by 1,563.6% in the second quarter. Lazard Asset Management LLC now owns 183 shares of the company’s stock valued at $29,000 after buying an additional 172 shares during the last quarter. Finally, Byrne Asset Management LLC increased its stake in shares of Toyota Motor by 105.6% during the third quarter. Byrne Asset Management LLC now owns 185 shares of the company’s stock worth $33,000 after purchasing an additional 95 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Price Performance

Toyota Motor stock traded down $0.47 during mid-day trading on Thursday, reaching $251.68. 124,848 shares of the company were exchanged, compared to its average volume of 305,683. The company has a fifty day simple moving average of $227.94 and a 200-day simple moving average of $199.17. Toyota Motor Co. has a 12 month low of $133.02 and a 12 month high of $255.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.02. The firm has a market cap of $340.98 billion, a PE ratio of 10.72, a PEG ratio of 0.38 and a beta of 0.69.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $3.15. Toyota Motor had a return on equity of 14.13% and a net margin of 10.22%. The company had revenue of $81.54 billion for the quarter, compared to analyst estimates of $73.72 billion. As a group, equities research analysts expect that Toyota Motor Co. will post 23.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TM. Nomura lowered Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Friday, January 19th.

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.