Oppenheimer Asset Management Inc. Cuts Position in Toyota Motor Co. (NYSE:TM)

Oppenheimer Asset Management Inc. trimmed its position in Toyota Motor Co. (NYSE:TM) by 16.2% during the third quarter, HoldingsChannel.com reports. The firm owned 20,126 shares of the company’s stock after selling 3,894 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Toyota Motor were worth $3,594,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at about $27,000. Pathway Financial Advisers LLC purchased a new stake in shares of Toyota Motor during the 1st quarter valued at about $30,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Toyota Motor by 300.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 126 shares during the period. POM Investment Strategies LLC raised its holdings in shares of Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after buying an additional 111 shares during the period. Finally, Grove Bank & Trust purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at about $32,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

Shares of NYSE TM opened at $172.79 on Friday. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The business has a 50 day moving average price of $175.89 and a two-hundred day moving average price of $192.32. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The firm has a market cap of $232.82 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.30 and a beta of 0.68.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The business had revenue of $76.92 billion for the quarter, compared to analyst estimates of $79.78 billion. Sell-side analysts expect that Toyota Motor Co. will post 21.7 earnings per share for the current fiscal year.

Toyota Motor Company Profile

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.