Envestnet Asset Management Inc. Lowers Stake in Toyota Motor Co. (NYSE:TM)

Envestnet Asset Management Inc. trimmed its holdings in Toyota Motor Co. (NYSE:TM) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 175,274 shares of the company’s stock after selling 27,699 shares during the period. Envestnet Asset Management Inc.’s holdings in Toyota Motor were worth $35,926,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. 180 Wealth Advisors LLC grew its position in Toyota Motor by 2.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,823 shares of the company’s stock valued at $459,000 after buying an additional 47 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Toyota Motor by 3.5% during the second quarter. GAMMA Investing LLC now owns 1,524 shares of the company’s stock worth $312,000 after acquiring an additional 52 shares during the period. Capital Advisors Wealth Management LLC raised its holdings in Toyota Motor by 1.9% during the second quarter. Capital Advisors Wealth Management LLC now owns 2,899 shares of the company’s stock worth $594,000 after purchasing an additional 55 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Toyota Motor by 4.5% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,419 shares of the company’s stock valued at $291,000 after purchasing an additional 61 shares during the period. Finally, Vista Investment Management boosted its holdings in Toyota Motor by 4.3% in the 4th quarter. Vista Investment Management now owns 1,584 shares of the company’s stock valued at $290,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Toyota Motor Price Performance

Toyota Motor stock opened at $184.10 on Friday. The company has a market cap of $248.06 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23. The business has a fifty day moving average of $183.89 and a two-hundred day moving average of $210.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.18.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $6.35 EPS for the quarter, beating the consensus estimate of $4.01 by $2.34. The firm had revenue of $75.94 billion during the quarter, compared to analysts’ expectations of $72.48 billion. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. During the same quarter last year, the business earned $7.05 earnings per share. As a group, analysts predict that Toyota Motor Co. will post 18.13 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.