Balentine LLC Lowers Holdings in Toyota Motor Co. (NYSE:TM)

Balentine LLC reduced its position in Toyota Motor Co. (NYSE:TM) by 87.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,468 shares of the company’s stock after selling 9,996 shares during the quarter. Balentine LLC’s holdings in Toyota Motor were worth $301,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Toyota Motor during the first quarter worth about $30,000. POM Investment Strategies LLC increased its position in Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after purchasing an additional 111 shares during the period. Mather Group LLC. raised its stake in shares of Toyota Motor by 113.9% during the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Toyota Motor in the 1st quarter valued at approximately $45,000. Finally, Field & Main Bank boosted its stake in shares of Toyota Motor by 300.0% in the second quarter. Field & Main Bank now owns 180 shares of the company’s stock valued at $37,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank reiterated a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

Toyota Motor Stock Down 0.6 %

TM stock opened at $176.04 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $188.99 and its 200 day moving average price is $213.66. Toyota Motor Co. has a 52 week low of $159.04 and a 52 week high of $255.23. The company has a market cap of $237.20 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.40 and a beta of 0.68.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $6.35 EPS for the quarter, topping the consensus estimate of $4.01 by $2.34. Toyota Motor had a return on equity of 14.28% and a net margin of 10.70%. The business had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. During the same quarter in the previous year, the company earned $7.05 EPS. On average, research analysts expect that Toyota Motor Co. will post 17 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.