Franklin Resources Inc. Sells 91 Shares of Toyota Motor Co. (NYSE:TM)

Franklin Resources Inc. decreased its position in shares of Toyota Motor Co. (NYSE:TM) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,478 shares of the company’s stock after selling 91 shares during the period. Franklin Resources Inc.’s holdings in Toyota Motor were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Toyota Motor in the third quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. lifted its position 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 acquiring an additional 126 shares during the period. Grove Bank & Trust acquired a new stake in shares of Toyota Motor during the 3rd quarter worth $32,000. Asset Dedication LLC increased its position in shares of Toyota Motor by 118.0% in the second quarter. Asset Dedication LLC now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 118 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Toyota Motor by 188.2% in the third quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock valued at $52,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Toyota Motor from a “hold” rating to a “sell” rating in a research note on Friday.

Toyota Motor Stock Performance

Shares of NYSE:TM opened at $199.52 on Friday. The company’s 50 day simple moving average is $175.42 and its 200 day simple moving average is $182.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23. The stock has a market capitalization of $268.84 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The business had revenue of $76.92 billion for the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. As a group, research analysts predict that Toyota Motor Co. will post 21.56 EPS for the current fiscal year.

Toyota Motor 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.